Chinese developer may lose $140m paid out in speculative project development rights
Bailed-out solar project company Panda Green revealed it did not set any terms for repayment of RMB1 billion paid to third parties in 2017 as deposits to secure potential project rights.
Panda Green opened another $150m of state-owned credit lines
The debt-saddled developer secured $125 million on a three-year basis from China Construction Bank which will help towards the $271 million it owes investors by the end of July.
