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Hengda Real Estate's bondholders agree interest payment extension

October 14, 2022 at 09:21 am EDT

Hengda Real Estate's bondholders agree interest payment extension

HONG KONG (Reuters) - Bondholders of Chinese property developer Hengda Real Estate agreed to an extension of interest payment on one domestic bond by six months to April 19, 2023, according to a Shenzhen stock exchange filing on Friday.

Hengda, China Evergrande Group's flagship onshore business, held a meeting with bondholders between Oct. 13 and Oct. 14 to discuss the latest repayment arrangement.

(Reporting by Meg Shen, Editing by Louise Heavens)

© Reuters - 2022

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Hengda Real Estate's bondholders agree interest payment extension

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