Agile Group Holdings Limited (3383.HK)
- Bloomberg
China Builder Agile Defaults for First Time on Dollar Bonds
(Bloomberg) -- Agile Group Holdings Ltd., a Chinese developer of villa apartments and high-rise homes, defaulted for the first time on publicly issued dollar bonds, underscoring lingering distress amid the nation’s unprecedented property crisis. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeBiden Adds Tariffs on Chinese Chips, Critical Minerals, EVsFive Under-the-Radar Billionaires Making Vast For
- South China Morning Post
Hong Kong luxury property owners turn to high-interest private loans for relief from liquidity pain
On a road that winds through Hong Kong's posh Repulse Bay neighbourhood, a multistorey luxury residential building with Roman columns and sweeping views of the South China Sea has been put forward as collateral for a loan, before construction is even finished. The loan was taken out by Luk Sin-fong, who owns 39 South Bay Road and whose husband is Chen Zhoulin, chairman of distressed Chinese developer Agile Group Holdings, according to a source familiar with the matter. Although the amount is unk
