Property Developer China Aoyuan Completes Bankruptcy Restructuring with $6.1 Billion Offshore Debts Reduced by $4.9 Billion into New Notes Totalling $2.3 Billion, $1.6 Billion Perpetual Bond, 1.4 Billion Shares & $143 Million Convertible Notes, Current Market Value of $60 Million
23rd March 2024 | Hong Kong
China property developer China Aoyuan has completed its bankruptcy restructuring with $6.1 billion offshore debts reduced by $4.9 billion into new notes totalling $2.3 billion, comprising of $1.6 billion perpetual bond, 1.4 billion shares & $143 million convertible notes. China Aoyuan has a current market capitalization of $60 million (22/3/24: HKD 477 million). In 2024 January, a Hong Kong court has approved China property developer China Aoyuan bankruptcy restructuring with $6.1 billion offshore debts reduced by $4.9 billion into new notes totalling $2.3 billion, comprising of $1.6 billion perpetual bond, 1.4 billion shares & $143 million convertible notes. In 2023 December, China Aoyuan had filed for Chapter 15 Bankruptcy (20/12/23) in New York. In 2022, China Aoyuan reported $6 billion liabilities and is currently undergoing restructuring in Hong Kong, Cayman Islands & British Virgin Islands. Chapter 15 Bankruptcy grants recognition to non-United States proceeding including debt-restructuring & allows cooperation between United States court & foreign court on United States assets.
“ Property Developer China Aoyuan Completes Bankruptcy Restructuring with $6.1 Billion Offshore Debts Reduced by $4.9 Billion into New Notes Totalling $2.3 Billion, $1.6 Billion Perpetual Bond, 1.4 Billion Shares & $143 Million Convertible Notes, Current Market Value of $60 Million “
China Aoyuan Group Limited – Headquartered in Guangzhou, China Aoyuan Group Limited (“Aoyuan” or the “Company”) is listed on the Main Board of The Stock Exchange of Hong Kong Limited, under the stock code 3883. Since established in 1996, Aoyuan has developed into an enterprise group with asset of over RMB100 billion extending the businesses into property development, commercial operation, urban redevelopment, general wellness and medical beauty, cultural tourism and technology. Aoyuan recorded property contracted sales of RMB121 billion in 2021, while being included in “Fortune China 500” for five consecutive years since 2017. Aoyuan embraces corporate values of Efficiency, Integrity, Responsibility and Shared Success. Aoyuan currently owns listed companies including China Aoyuan (3883.HK), Aoyuan Healthy (3662. HK) and Aoyuan Beauty Valley (000615.SZ), and has formed a coordinated development landscape with dual engines of Quality Living (core property business) and Joyful & Healthy Lifestyle (non-property business). With a focus on Guangdong-Hong Kong-Macao Greater Bay Area, Aoyuan has a nationwide strategic layout covering four major regions – South China, core region of Central and Western China, East China, and Bohai Rim. Remaining true to its original aspiration, Aoyuan has always been committed to fulfilling its corporate social responsibility. Aoyuan has contributed over RMB1 billion to the public welfare and charity activities. Looking forward, Aoyuan will follow its development strategy to achieve quality and sustainable development.
Hong Kong Court Approves Property Developer China Aoyuan Bankruptcy Restructuring with $6.1 Billion Offshore Debts Reduced by $4.9 Billion into New Notes Totalling $2.3 Billion, $1.6 Billion Perpetual Bond, 1.4 Billion Shares & $143 Million Convertible Notes
18th January 2024 – A Hong Kong court has approved China property developer China Aoyuan bankruptcy restructuring with $6.1 billion offshore debts reduced by $4.9 billion into new notes totalling $2.3 billion, comprising of $1.6 billion perpetual bond, 1.4 billion shares & $143 million convertible notes. In 2023 December, China Aoyuan had filed for Chapter 15 Bankruptcy (20/12/23) in New York. In 2022, China Aoyuan reported $6 billion liabilities and is currently undergoing restructuring in Hong Kong, Cayman Islands & British Virgin Islands. Chapter 15 Bankruptcy grants recognition to non-United States proceeding including debt-restructuring & allows cooperation between United States court & foreign court on United States assets. China Aoyuan has a current market capitalization of $69 million (18/1/24: HKD 540 million).
Property Developer China Aoyuan Filed for Chapter 15 Bankruptcy in New York with $6 Billion Liabilities & Undergoing Restructuring in Hong Kong, Cayman Islands & British Virgin Islands, Chapter 15 Grants Recognition to Non-United States Proceeding Including Debt-Restructuring & Allows Cooperation Between United States Court & Foreign Court on United States Assets
22nd December 2023 – Property developer China Aoyuan had filed for Chapter 15 Bankruptcy (20/12/23) in New York. In 2022, China Aoyuan reported $6 billion liabilities and is currently undergoing restructuring in Hong Kong, Cayman Islands & British Virgin Islands. Chapter 15 Bankruptcy grants recognition to non-United States proceeding including debt-restructuring & allows cooperation between United States court & foreign court on United States assets. China Aoyuan has a current market capitalization of $77 million (21/12/23: HKD 602 million).
China Aoyuan
Headquartered in Guangzhou, China Aoyuan Group Limited (“Aoyuan” or the “Company”) is listed on the Main Board of The Stock Exchange of Hong Kong Limited, under the stock code 3883. Since established in 1996, Aoyuan has developed into an enterprise group with asset of over RMB100 billion extending the businesses into property development, commercial operation, urban redevelopment, general wellness and medical beauty, cultural tourism and technology. Aoyuan recorded property contracted sales of RMB121 billion in 2021, while being included in “Fortune China 500” for five consecutive years since 2017.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
