Chinese Conglomerate Huafa Seeks to Extend Some Debt Payments

Zhuhai Huafa Group Co., one of China's largest local government-owned conglomerates, is in talks with creditors of some debts to push back payments, according to people familiar with the matter. The company is seeking to extend certain debt payments as it navigates financial pressures. The discussions highlight ongoing challenges for Chinese conglomerates amid economic headwinds.