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Caixin Global
Caixin Global
Business
Guo Yingzhe

Chinese Developer Makes Early Debt Payment After Chair’s Resignation Rattles Investors

Longfor

What’s new: Chinese property developer Longfor Group Holdings Ltd. on Monday made an early payment towards a loan after the resignation of its chair rattled investors already put on edge by the industrywide crisis.

The company paid HK$5.1 billion ($649.7 million) towards the syndicated loan due next year, according to an exchange filing.

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