Chinese developer Dalian Wanda has repaid a $400m bond at the last minute, but failed to allay investor concerns.
The group raised $320m through the partial sale of a subsidiary over the weekend and repaid a $400m bond that had been due on Sunday.
But despite avoiding default, shares in the sector have continued to fall. The Hang Seng Mainland Properties index closed down 6.4% on Monday in Hong Kong.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
