{"id":140788,"date":"2023-12-22T12:01:24","date_gmt":"2023-12-22T05:01:24","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developer-powerlong-signs-restructuring-term-sheet-with-creditors-in-significant-progress-for-debt-solution-plan\/"},"modified":"2023-12-22T12:09:42","modified_gmt":"2023-12-22T05:09:42","slug":"chinese-property-developer-powerlong-signs-restructuring-term-sheet-with-creditors-in-significant-progress-for-debt-solution-plan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developer-powerlong-signs-restructuring-term-sheet-with-creditors-in-significant-progress-for-debt-solution-plan\/","title":{"rendered":"Chinese property developer Powerlong signs restructuring term sheet with creditors in \u2018significant progress\u2019 for debt solution plan"},"content":{"rendered":"


\nDistressed Chinese developer Powerlong Real Estate Holdings unveiled preliminary terms of a restructuring agreement with certain creditors in a deal expected to give the Shanghai-based company a brief respite from the ongoing debt crisis.
\n
\nSource : South China Morning Post
\nRead more…Chinese property developer Powerlong signs restructuring term sheet with creditors in \u2018significant progress\u2019 for debt solution plan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Distressed Chinese developer Powerlong Real Estate Holdings unveiled preliminary terms of a restructuring agreement with...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-140788","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ACM","jetpack-related-posts":[{"id":136023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/embattled-chinese-developer-sunac-gets-more-creditors-on-board-with-us9-billion-offshore-debt-restructuring-plan\/","url_meta":{"origin":140788,"position":0},"title":"Embattled Chinese developer Sunac gets more creditors on board with US$9 billion offshore debt restructuring plan","date":"April 21, 2023","format":false,"excerpt":"\r The debt-laden Chinese developer said creditors representing 75 per cent of its US$9.1 billion offshore debt have agreed to restructuring terms, an outcome \u2018everybody should be happy with\u2019, according to one analyst.\r \r Source : South China Morning Post\r Read more...Embattled Chinese developer Sunac gets more creditors on board\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-aims-to-unveil-debt-restructuring-in-six-months-time-after-bond-defaults-as-creditors-begin-to-lose-patience\/","url_meta":{"origin":140788,"position":1},"title":"Evergrande aims to unveil debt restructuring in six months\u2019 time after bond defaults as creditors begin to lose patience","date":"January 27, 2022","format":false,"excerpt":"\r Embattled China Evergrande Group has promised investors and creditors that it will roll out a debt restructuring plan in the next six months.The world\u2019s most indebted developer with 1.97 trillion yuan (US$310 billion) of liabilities \u201cwill continue to listen carefully to the opinions and suggestions of the creditors\u201d and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisas-debt-restructuring-plan-gains-support-from-over-80-per-cent-of-overseas-creditors\/","url_meta":{"origin":140788,"position":2},"title":"Kaisa\u2019s debt restructuring plan gains support from over 80 per cent of overseas creditors","date":"March 18, 2016","format":false,"excerpt":"\r Troubled Chinese developer Kaisa Group, which has been struggling to restructure its debt after defaulting on US dollar bonds, said it has won support from investors representing more than 80 per cent of its offshore debt claims.\r \r Source : South China Morning Post\r Read more...Kaisa\u2019s debt restructuring plan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139235,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developer-sunac-applies-for-chapter-15-protection-in-us-after-creditors-give-go-ahead-to-restructuring-plan\/","url_meta":{"origin":140788,"position":3},"title":"Chinese property developer Sunac applies for Chapter 15 protection in US after creditors give go-ahead to restructuring plan","date":"September 19, 2023","format":false,"excerpt":"\r Property developer Sunac China Holdings has sought recognition for its restructuring and protection under Chapter 15 in the US, a court statement showed on Tuesday.\r \r Source : South China Morning Post\r Read more...Chinese property developer Sunac applies for Chapter 15 protection in US after creditors give go-ahead to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bondholders-strongly-oppose-chinese-developer-sino-oceans-debt-revamp-plan\/","url_meta":{"origin":140788,"position":4},"title":"Bondholders \u2018strongly oppose\u2019 Chinese developer Sino-Ocean\u2019s debt-revamp plan","date":"July 26, 2024","format":false,"excerpt":"\r Linklaters, the legal adviser for an ad hoc group of bondholders, held a meeting on Wednesday to boycott the developer\u2019s proposal, urging creditors not to sign the restructuring support agreement.\r \r Source : South China Morning Post\r Read more...Bondholders \u2018strongly oppose\u2019 Chinese developer Sino-Ocean\u2019s debt-revamp plan","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-aims-for-offshore-debt-restructuring-agreement-with-creditors-by-end-of-march-hong-kong-court-hears\/","url_meta":{"origin":140788,"position":5},"title":"China Evergrande aims for offshore debt restructuring agreement with creditors by end of March, Hong Kong court hears","date":"March 20, 2023","format":false,"excerpt":"\r The heavily indebted developer told a Hong Kong court it had the support of its overseas creditors for the proposed restructuring, and will publish the term sheets as early as Wednesday.\r \r Source : South China Morning Post\r Read more...China Evergrande aims for offshore debt restructuring agreement with creditors\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140788"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=140788"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140788\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}