Business & Finance
Hong Kong Builder Parkview Misses Interest Payment on Loan
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Hong Kong Builder Parkview Misses Interest Payment on Loan Hong Kong developer Parkview Group Ltd. has missed an interest payment on a $940 million loan backed by a landmark Beijing asset, according to people familiar with the matter, less than a year after it secured the refinancing deal. Parkview failed to make a 50 million yuan ($7.4 million) interest payment that was due in early June, said the people, who asked not to be identified discussing private matters. The loan has multiple...
Hong Kong Builder Parkview Misses Interest Payment on Loan
Hong Kong developer Parkview Group Ltd. has missed an interest payment on a $940 million loan backed by a landmark Beijing asset, according to people familiar with the matter, less than a year after it secured the refinancing deal.
Parkview failed to make a 50 million yuan ($7.4 million) interest payment that was due in early June, said the people, who asked not to be identified discussing private matters. The loan has multiple portions denominated in both yuan and dollars, they added.