Back From the Brink

Flannery, Russell; Chen, Maggie
May 2009
Forbes Asia;5/25/2009, Vol. 5 Issue 9, p17
The article reports that share prices of Greentown China Holdings Ltd., a developer of luxury homes in China, have increased by 28 percent in May 2009. The company was founded by Song Weiping. According to the firm, 90 percent of its bondholders have agreed to an offer made by it to buy back $400 million of debt due in 2013.


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