Property News · July 3, 2023

Developer China Aoyuan seeks creditors’ approval for US$4.2 billion offshore-debt plan as delisting warning looms


The agreement, which includes new notes, new shares, debt-to-equity conversion, perpetual securities and the transfer of shares to creditors, will need the approval of 75 per cent of offshore debt holders to move forward.

Source : South China Morning Post
Read more…Developer China Aoyuan seeks creditors’ approval for US.2 billion offshore-debt plan as delisting warning looms