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Beijing Energy Holding

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.

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