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Top related persons:
Yango - 1 Esther Liu - 1 Evergrande - 1 Clare Jim - 1 Barbara Lewis - 1
Top related locs:
HONG KONG Asia Shanghai Sichuan Hong Kong China Shenzhen
Top related orgs:
HK - 1 Sinic Holdings - 1 Shanghai Shimao - 1 Yango - 1 China Evergrande - 1 Shimao - 1 Hong - 1 Thomson - 1

Search resuls for: "Esther Liu"


2 mentions found


☆ China property liquidation risk heightened by delisting threat, says S&P
  + stars: | 2023-06-07 | by ( ) www.reuters.com   time to read: +2 min
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
☆ Analysis: Debt restructuring no panacea for Chinese developers as challenges loom
  + stars: | 2023-05-18 | by ( Clare Jim Xie Yu | Clare Jim | Xie Yu | ) www.reuters.com   time to read: +5 min
That could necessitate a second round of debt restructuring eventually at some of the developers, they said. Private developers have been in turmoil since mid-2021 following a crackdown on debt levels by Beijing that ensnared China Evergrande Group (3333.HK), then the No.2 developer, and eventually spread in the sector. Evergrande and Sunac China (1918.HK) are the most prominent among the handful of companies that have announced their offshore debt restructuring terms so far. More are expected to do so in the coming months, which will also include terms such as longer maturity extensions, lower coupons, and converting some debt into equity, developers and advisers said. Moreover, the private developers are staring at lower potential future revenues as they are unable to build on their land banks due to their precarious financial positions.
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