Investments
2About Yango Group
Yango Group (SZ: 000671) China-based company engaged in the real estate development business and import & export trading business. The company’s property projects include residential buildings and commercial buildings. It operates its businesses principally in East China, South China, Northwest China, and North China, as well as overseas markets.
Yango Group Headquarter Location
18th Floor, Yango Tower, Yangshupu Road No.1058 North Bund
Shanghai, Shanghai,
China
021-80328700
Latest Yango Group News
Mar 18, 2022
- Advertisement - Chinese developer Yango Group Co. said it is unable to pay 5.03 billion yuan (US$792.2 million) in onshore debt that came due early after the company missed payments on offshore bonds last month. - Advertisement - Fujian-based Yango said in a filing to the Shenzhen bourse Friday that it hadn’t obtained exemptions from cross-defaulting terms on the onshore debt, which comprises four bonds. Yango in February failed to make $27.3 million in overdue interest payments on two US dollar bonds. The failure to pay interest on offshore bonds triggered terms that would allow bondholders to demand that the company make an accelerated repayment of the outstanding interest and principal that are due. - Advertisement - The company said its inability to pay the onshore debt is due to a temporary liquidity crunch, compounded by factors in macroeconomic, real-estate sector and fundraising environments. Yango said it is actively seeking funds from various channels, and working to negotiate solutions to resolve debt risks. It said it will hold bondholder meetings in compliance with regulations. Yango’s debt woes mount as some of China’s biggest real-estate players and largest international borrowers, such as China Evergrande Group and Kaisa Group Holdings Ltd., have already been deemed to be in default on international debt collectively running into the tens of billions of US dollars. Write to Anniek Bao at [email protected] ,
Yango Group Investments
2 Investments
Yango Group has made 2 investments. Their latest investment was in Zhenyang Real Estate as part of their Corporate Minority on July 7, 2019.
Yango Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/5/2019 | Corporate Minority | Zhenyang Real Estate | Yes | 1 | ||
8/21/2018 | Seed |
Date | 7/5/2019 | 8/21/2018 |
|---|---|---|
Round | Corporate Minority | Seed |
Company | Zhenyang Real Estate | |
Amount | ||
New? | Yes | |
Co-Investors | ||
Sources | 1 |
Yango Group Acquisitions
2 Acquisitions
Yango Group acquired 2 companies. Their latest acquisition was Zhenyang Real Estate on September 24, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/24/2021 | Other | Acquired | 1 | |||
9/19/2018 |
Date | 9/24/2021 | 9/19/2018 |
|---|---|---|
Investment Stage | Other | |
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired | |
Sources | 1 |
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