Yuexiu wraps up tender offer amid debt concerns

Narae Kim

August 15, 2016 08:45 am

china property px230 — Local residents look at the real estate models in Guicheng in Foshan city in south China's Guangdong province on Tuesday, Feb. 16, 2010. The housing price in Guangzhou rose more than 40 percent last year.(Photo By Li Huang/Color China Photo/AP Images) | Li Huang/ColorChinaPhoto/AP/Press Association Images

Yuexiu Property has announced the results of its cash tender offer amid concerns over its financial metrics and a possible downgrade to non-investment grade status.

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Narae Kim