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One of China's Few Surviving Builders Makes U-Turn on Debt Plans

One of China's Few Surviving Builders Makes U-Turn on Debt Plans

Bloomberg19 hours ago
Chinese developer Road King Infrastructure Ltd. is suspending all offshore debt payments, a reversal from a couple of months ago when it said it expected to have enough cash to pay interest on borrowings this year.
The company said it should explore 'a holistic solution' to the situation, according to an exchange filing, a term that usually points to a debt restructuring.
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