Chinese property developer Redsun to miss $350 million bond payment due next week By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 10 2025
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Source: Investing.com
Redsun Properties Bond Default: Chinese property developer Redsun Properties announced it cannot pay a $350 million bond due on January 13, 2024, amid ongoing struggles in the property market that have left developers with approximately $12 trillion in liabilities.
Industry Challenges: The financial difficulties extend to other major developers like Sunac China, which is facing liquidation, and Country Garden, which has proposed a debt restructuring plan.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
