China Oceanwide lender grants repayment extension to May 2022

Chicago, Nov. 29 – China Oceanwide Holdings Ltd. has been granted an extension for its loan repayment, according to a notice.

There was a default on the facility announced on Oct. 29.

The loan was entered into by subsidiary China Oceanwide Real Estate Development III Ltd.

The borrower now has until May 21, 2022 to cure the payment default and reinstate/extend the loan.

Based in Beijing, the borrower is a Chinese investment company.

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