GCL-Poly cross defaults over unpaid $500m senior notes
Creditors refused to postpone payment of the three-year notes for another 36-month term and now face receiving less than 5% of the amount due once a proposed debt restructure is completed, with the balance kept back until January 2024 regardless.
Panda Green posts $512 million net loss
The Hong Kong-listed PV developer has recorded a RMB3,598 million ($511.6 million) net loss for the year to the end of December, despite a 7% year-on-year uptick in revenue to RMB2,168 million.
