Wanda Says It's Finalizing Asset Disposal

Wanda Says It's Finalizing Asset Disposal

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Interactive Video

Business

University

Hard

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The transcript discusses Wanda's financial struggles with a $400 million bond due soon, causing market fluctuations. Despite initial setbacks, confidence in repayment grew due to potential asset sales. The broader high yield market, especially Chinese property bonds, faces challenges with many trading at low values. Recent defaults have heightened concerns. Sino Ocean, a state-backed developer, is seeking to extend a Yuan bond due soon, highlighting ongoing financial pressures in the sector.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns were raised regarding the broader high yield market due to Wanda's situation?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions is Sino Ocean considering regarding their Yuan bond due in August?

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