Chinese Real Estate Developer Aoyuan Will Default Soon

Translated by: MOS Translation Team – Gordon

On January 20, regarding Aoyuan won’t paying the bond, Miles Guo said on GETTR that CCP China’s enterprises will collapse batch by batch. At the same time, the CCP China is the place with the most entrepreneurs, who have much more debts than assets, around the world. This is just the beginning.

Recently the Chinese real estate developer Aoyuan Group stated that it will not pay the remaining principal and interest of January 2022 notes and also no payment of the interest under 2023 and 2024 notes. According to the relevant information, these U.S. dollar bills due Thursday and the separate bonds due Sunday have a total outstanding principal of $688 million.

Aoyuan is headquartered in Guangdong province, where is also home to Evergrande and Kaisa, both of which announced defaults last month. Aoyuan has a total of $5 billion outstanding bonds in onshore and offshore.

Mr. Guo pointed out that Aoyuan Group is another defaulted CCP company. Such treachery and serious violation of the spirit of the contract fully demonstrate the ugly face of the CCP enterprise, and the CCP’s economic domino has begun to collapse.

Proofread by: Ruiqiu

Posted by: Ruiqiu

Original Link: https://gnews.org/zh-hans/1892365/

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