China Vanke's Bondholders Approve Grace Period Extension Amid Market Reconfiguration
Originally Published 20 days ago — by Reuters

China Vanke's bondholders approved a plan to extend the grace period for a 2 billion yuan bond to January 27, narrowly avoiding default, but rejected a proposal to delay repayment by a year. The company is seeking to renegotiate terms amid ongoing debt concerns in China's property sector, which has been severely impacted since the Evergrande crisis. The outcome of these negotiations could influence Vanke's future debt management and market perception.
