China -owned real estate enterprise Sunac China resumed trading about one year after suspension, and it fell nearly 60 % of the time.Although the company has taken measures to solve the debt problem, the stock price has plummeted may still show that the market has insufficient confidence in its confidence.
According to Bloomberg, Sunac China fell more than 59%in the early morning on Thursday (April 13), the largest decline since its listing; the minimum report of HK $ 1.86 (S $ 0.31), setting up 2012Since the month, the market is low.In terms of bonds, Bloomberg's compilation data shows that the company's US dollar bonds have weakened slightly, and trading near each US dollar at 22 cents is still at a very low level.
Sunac China is one of the companies with the highest offshore debt in China's predicament developers.With the shortage of liquidity and sales in the Chinese real estate industry, Sunac China also encountered US dollar bond default last year.
In late March this year, Sunac China and the creditor group signed a restructuring support agreement to issue an overseas debt restructuring plan.
"Restoration of transactions may help its reorganization, including the options for debt -to -equity", Bloomberg Industry research senior industry analyst Kristy Hung analyzed in the report that Sunac China can "re -obtain equity financing again", To ease the pressure from the balance sheet.
Sunac China announced at the end of March that the company's owner should account for about 27.67 billion yuan (about S $ 5.341 billion) in 2022.After the performance was released, the company said that it had met the re -license guidance. At the same time, the business that was carried out had sufficient operating level and had sufficient value assets to support its operations.
Due to the factors such as Yanfa Annual Report, Sunac China started to suspend trading with more than 30 Hong Kong listed companies on April 1 last year.Essence
