Hang Seng Bank entered the Hong Kong High Court and signed the China Real Estate Development Corporation Clearance China Clearance.
Tuesday China (April 16) issued an announcement on the Hong Kong Stock Exchange.About 173 million US dollars (about S $ 23.6 billion) and 731 million Hong Kong dollars (approximately $ 128 million) were financial responsibilities.
The High Court has set the first hearing date in July 3 this year.As of the noon break, the stock price of China Hong Kong stocks fell 42%to HK $ 0.14.
In the announcement, the board said that the board of directors believed that presentation did not represent the interests of other companies in the company and may harm the value of the company.The company will seek legal means to resolutely oppose signing and take all necessary actions to safeguard their legitimate rights.
Times China said that the company intends to continue to actively communicate and cooperate with its overseas creditors on the reorganization plan in order to publish relevant clauses to the market as soon as possible.At the same time, the company will strive to maintain a positive and good communication with the claims, and adhere to the principle of fairness to other creditors, and will reach a friendly solution case as soon as possible and ask for consultation.The company will announce any major progress in its shareholders and investors in a timely manner and announce them separately.
In Times China announced in January last year that in order to promote the overall management of offshore debt, it will suspend the payment of six US dollar bonds and become the first breach of contract in China in 2023.
China Real Estate Shimao Group also received a liquidation in Hong Kong on April 8.Shimao Group announced that receiving the clearing of the CITIC's liquidation to the Hong Kong High Court, and said it would be strongly opposed.
