HONG KONG, June 7 (Reuters) - Some of China's distressed property developers face the risk of being delisted, which would reduce their options for restructuring and make them more vulnerable to liquidation, S&P Global Ratings said on Wednesday.
The Shanghai stock exchange delisted Sichuan Languang Development on Tuesday, the first such case for property A shares, and Sinic Holdings was delisted from Hong Kong in April.
In mainland China, S&P said the 11 firms at risk of being delisted, including Shanghai Shimao (600823.SS) and Yango Group (000671.SZ), have offshore and onshore bonds outstanding collectively worth $21 billion.
Shanghai Shimao and Yango did not immediately respond to request for comment.
China Evergrande Group (3333.HK), the world's most indebted developer, and Shimao Group (0813.HK), both listed in Hong Kong, have been suspended from trading for 14 months.
Persons:
Yango, Esther Liu, Evergrande, Clare Jim, Barbara Lewis
Organizations:
HK, Sinic Holdings, Shanghai Shimao, Yango, China Evergrande, Shimao, Hong, Thomson
Locations:
HONG KONG, Asia, Shanghai, Sichuan, Hong Kong, China, Shenzhen