Shanghai Shimao says repayment of 1 bln yuan bond is uncertain

BY Reuters | CORPORATE | 09/27/22 06:07 AM EDT

SHANGHAI, Sept 27 (Reuters) - Chinese real estate developer Shanghai Shimao co said the repayment of a 1 billion yuan bond due Oct. 21 was uncertain.

The developer said it will negotiate with bondholders to reach an agreement on the repayment of the bond, it said in a statement on Tuesday. (Reporting by Shanghai Newsroom, Editing by Louise Heavens)

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