Other financial problems for Zhang Jindong. As reported by Calcioefinanza.it the founder of Suning.com is trying to buy time to repay a $ 600 million (€ 508 million) bond due next week, one of his largest shares of debt.
This was communicated by the South China Morning Post which explains that some creditors are resisting. A group of bondholders including Bank of Shanghai and Guangdong Huaxing Bank raised at least 25% of the bonds to seek immediate redemption.
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