The distress in China’s property sector has affected other industry players and spread to other parts of the economy. Photo: Reuters
The distress in China’s property sector has affected other industry players and spread to other parts of the economy. Photo: Reuters

Chinese property agent E-House files for US Chapter 15 protection to implement debt workout after bond defaults

  • E-House is undergoing a debt restructuring in the Cayman Islands, where it is incorporated
  • The company had defaulted on a US$300 million note due in April 2022, triggering a cross-default on a US$300 million bond due in June 2023

The distress in China’s property sector has affected other industry players and spread to other parts of the economy. Photo: Reuters
The distress in China’s property sector has affected other industry players and spread to other parts of the economy. Photo: Reuters
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