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Chinese property developer Redsun to miss $350m bond payment

Chinese property developer Redsun to miss $350m bond payment

FILE PHOTO: A view of the city skyline and Huangpu river in Shanghai, China, Feb. 24, 2022. REUTERS/Aly Song/File Photo

Chinese property developer Redsun Properties said on Friday it would not be able to pay its $350 million bond maturing on January 13, which includes the principal and the accrued interest.

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