CIFI Holdings (0884) said it was unable to pay the second tranche of cash consideration under Option 2 of its offshore debt restructuring plan, triggering an event of default, according to Ming Pao.
The developer cited the impact of selling a London investment property and unfavorable market conditions. It also said it could not make amortization payments under certain new debt instruments issued under the restructuring plan.
STOCKS | CIFI Holdings Defaults After Missing Cash Payment Under Offshore Debt Restructuring
2026-06-29 12:56:24
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