This picture taken on May 10, 2018 shows an aerial view of residential buildings in Tianjin. Photo: AFPThis picture taken on May 10, 2018 shows an aerial view of residential buildings in Tianjin. Photo: AFP
This picture taken on May 10, 2018 shows an aerial view of residential buildings in Tianjin. Photo: AFP

Tianjin state-owned developer’s asset frozen after missed debt payment, raising concerns on maturity wall

  • Tianjin Real Estate Group’s 149.6 million shares in Tianjin Realty is frozen under court order requested by Ping An Trust
  • Latest struggle puts focus on developer’s ability to service mounting debt maturities over the next two years despite state-led restructuring support
Topic |   China property
This picture taken on May 10, 2018 shows an aerial view of residential buildings in Tianjin. Photo: AFPThis picture taken on May 10, 2018 shows an aerial view of residential buildings in Tianjin. Photo: AFP
This picture taken on May 10, 2018 shows an aerial view of residential buildings in Tianjin. Photo: AFP
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