Sunshine 100 China Holdings defaults on SGX-listed bond payment

TrueBeliever_jh

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Repeat Chinese Defaulter Sunshine 100 Misses Another Payment

Chinese developer and repeat defaulter Sunshine 100 China Holdings Ltd. has missed payment on $179 million of debt and interest payments due Sunday, as higher borrowing costs hit indebted companies across the sector.

Sunshine 100 said in a filing that it won’t be able to repay the $170 million of principal and more than $8.9 million of interest on its 10.5% senior notes due 2021. The company said in August that it wasn’t able to repay the principal, premium and accrued interest of its 2021 bonds. Its default will also trigger provisions under some other debt instruments.


No payment no problem.
 

mooseolly

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Stay clear from Chinese stock until see a reversal in trend.
 

xdivider

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rule of thumb any thing sunshine dun touch.....eg sunshine empire........
 

justice89

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suncity also kena:cry:.....better dont touch anything related to SUN ! Kong Kee touch SUN also kena burned!
 

Potato_Wedges

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Can only buy DBS, UOB, OCBC, APPLE, GOOGLE, AMAZON, TESLA stocks.

The rest...forget it. Honest Living is the best.
 

xdivider

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Can only buy DBS, UOB, OCBC, APPLE, GOOGLE, AMAZON, TESLA stocks.

The rest...forget it. Honest Living is the best.
pass on tiong stocks too. only a matter of time pooh goes after them to get money.....
 

LPPLKPKB

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Transfer of money from Sinkie to Ah Tiong, just like Suzhou Industrial Park.
 
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