Hongyang Real Estate was wound up and its sales fell 115%
On the 18th, Hongyang Real Estate announced that the London branch of New York Mellon has submitted an application for the company's debts to be liquidated in the Hong Kong High Court, including a sum of 285 million yuan, including 95% *** bonds (senior notes), which will mature next year. This company is seeking the advice of a lawyer. The application has not yet been heard and no order has been made in the High Court for the closure of the company.
Hongyang Real Estate".
In the statement, Hongyang Real Estate said that it has had regular exchanges with a number of shareholders who hold the company's bonds, including other secured bonds issued by the company, and we have always believed that a reorganization on the basis of consensus is the best way to protect the rights and interests of all shareholders, and it is also the most beneficial approach for all shareholders. The Company will continue to communicate with its creditors on all possible options in order to find a holistic solution to the current situation, while also ensuring the long-term development of the Company and protecting the interests of all shareholders.
Contracted sales in January were down 115%
In addition, according to an unaudited operating information as of January 2024 published by Hongyang Property, the contracted sales of Hongyang Property and its subsidiaries and subsidiaries were 98.2 billion, down 1145%；The residential has a built-up area of 71,924 square meters and is for sale at 1366 sqm.
Hongyang Real Estate Network).