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The latest announcement is out from E-House (China) Enterprise Holdings Limited ( (HK:2048) ).
E-House (China) Enterprise Holdings Limited has announced an update on its restructuring plan for offshore debts amid challenging conditions in the Chinese real estate market. The company has formed an ad hoc group with initial consenting holders of its old notes to develop a feasible offshore liability management solution. The proposed restructuring plan involves a debt-for-equity swap to fully equitize the offshore debt through schemes of arrangement in Hong Kong and the Cayman Islands. This plan aims to provide meaningful recovery to creditors, although it is still subject to creditors’ support and regulatory approval.
More about E-House (China) Enterprise Holdings Limited
E-House (China) Enterprise Holdings Limited is a company incorporated in the Cayman Islands with limited liability, listed on the Main Board of the Stock Exchange of Hong Kong. The company operates in the real estate industry, focusing on providing real estate services and solutions in China.
Average Trading Volume: 969,885
Technical Sentiment Signal: Sell
Current Market Cap: HK$145.2M
For a thorough assessment of 2048 stock, go to TipRanks’ Stock Analysis page.