2011-12-23

SOHO China says there's no financing crunch

In Major Chinese developer can't pay workers in Shanghai, I covered the Weibo story about a developer could not pay workers in Shanghai. The firm now says it has no cash flow problems: SOHO China Denies Rumors of Cash Squeeze
SOHO China, a leading real estate developer in China, batted away media reports of a severe liquidity crunch in a statement released December 22. The company said it has 17 billion yuan in cash, and is currently considering more projects for investment.

No comments:

Post a Comment