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CHINA AOYUAN 6M25 Property Contract Sales ~RMB4.02B; Extension Secured for RMB1.014B Onshore Borrowings
Recommend 19 Positive 15 Negative 16 |
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CHINA AOYUAN (03883.HK) announced that it has been actively promoting a comprehensive restructuring of its onshore debts to establish a long-term mechanism to alleviate debt pressure and strengthen the full-cycle cash flow risk control system to ensure its operating security. The onshore debts restructuring plan has basically been finalized, and opinions from all parties (including onshore creditors) are being solicited. Meanwhile, the group has been actively negotiating with various onshore lenders on the renewal and extension of borrowings. In 6M25, the group has entered into contractual arrangements with certain onshore financial institutions to extend the maturity of existing onshore financing arrangements, involving onshore borrowings of around RMB1.014 billion in principal amount. In 6M25, CHINA AOYUAN achieved property contracted sales of around RMB4.02 billion, with contracted gross floor area sold of around 436,200 sq.m. AAStocks Financial News |
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