Frankfurt - Delayed Quote EUR

Guangzhou R&F Properties Co., Ltd. (G5HA.F)

0.1080

+0.0050

+(4.85%)

As of 9:15:02 AM GMT+2. Market Open.

Kaisa says it has creditors' support as it unveils debt workout plan to avoid liquidation

Kaisa Group has unveiled its long-awaited debt workout plan to avoid a showdown during next month's liquidation court hearing in Hong Kong, the first time the Shenzhen-based developer is restructuring its finances since defaulting on US$12 billion of offshore bonds in 2021. The developer offered its creditors several payment options, including new notes denominated in US dollars, and mandatory convertible bonds (MCB) that can be exchanged into new Kaisa shares, according to a filing to the Hong

South China Morning Post 7 months ago

^YH104

GZUHY
China's Guangzhou R&F Properties faces liquidation petition in Hong Kong

The petition was filed on Monday at a Hong Kong Court by Seatown Private Credit Master Fund, which holds an 18% interest in the total outstanding loan amounting to $613.66 million. Cash-strapped R&F is the latest Chinese property developer facing a liquidation suit filed by creditors. Last month, state-backed Sino-Ocean Group said it was facing a winding up petition from The Bank of New York Mellon and China Evergrande Group was ordered to liquidate earlier this year.

Reuters 8 months ago

GZUHY

Performance Overview

Return	G5HA.F	HANG SENG INDEX (^HSI)
YTD	-32.50%	+1.51%
1-Year	+15.51%	+21.01%
3-Year	-71.20%	-6.90%