Chinese Builder Road King Issues Warning on Default Risk and Seeks Debt Extension
Friday, 21 June 2024, 06:42
Chinese Builder Road King Default Risk Warning
Chinese developer Road King Infrastructure faces default if proposals to repurchase bonds at discounts and extend debt repayment are denied.
Urgent Plea to Creditors
- Risk of Default: Road King's financial stability is on the line as it seeks support for debt restructuring.
- Critical Decision: Creditor approval crucial to prevent potential default situation.
- Time-sensitive Issue: Immediate action required to avert financial crisis.
Conclusion: Road King's plea for debt extension underscores the importance of creditor cooperation to avoid a default crisis.
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