China’s Property Developer Redsun Faces Crisis with US$ 228.5 Million Debt Default – Legal Proceedings Underway
Jakarta – The property crisis in China is not over yet. After Country Garden and Evergrande, property developers who failed their debts, now Redsun Properties Group has the same fate. The company’s debt condition is getting worse. Quoted from SCMP, Monday (19/2/2024), Redsun was reported to have experienced default on several foreign debt securities since … Read more