Tue 02/20/2024 02:32 AM
UPDATE 5: 2:32 a.m. ET 2/20/2024: Chinese developer Gemdale is now working with China Merchants Banks for a CNY 2.5 billion ($347.3 million) loan backed by its property management company - Gemdale Smart Services while it is also talking with Bank of Communications for a CNY 4.3 billion loan backed by Beijing Gemdale Center, as its latest effort in lengthy negotiations with bank lenders to obtain onshore loans, according to two sources familiar with the matter.
As
reported, Gemdale has...
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