Real Estate Developer He Jingtai has become the latest Chinese -funded Chinese real estate company, and its stocks and US dollar bonds have plummeted.
According to Bloomberg, Hejing Taifu said in a document submitted to the Hong Kong Exchange on Friday (April 28) that he did not repay 212 million yuan (about about 212 million yuan (approximately about on time on time last Friday (about41 million yuan) Attachment of interest rate banks and other borrowings, the arrears of this money triggered a loan of 311.163 billion yuan, which must be repaid as required.
He Jing Tai Fu also said in the annual report that the company faces a number of uncertain factors: "It constitutes a major question about the company's ability to continue operations."According to the calculation, Hejing Taifu is the 44th largest housing company in China. Its stocks plummeted by more than 23%after the announcement of the announcement, setting the largest record since listing.The company's multiple US dollar bond transactions are 25 cents or lower, down 21 cents.
According to the data compiled by Bloomberg, Hejingtai Fushe lost 9.2 billion yuan in 2022, and this month faced the pressure of USD $ 137.6 million in US dollars.
Since last fall, the Chinese government has launched measures to curb the liquidity tightening and record defaults of the real estate industry. As a result of housing -based high -yield US dollar bonds, it has risen sharply. However, some housing recentlyThe debt problem of the enterprise again cracks down on market emotions.Although the sales of new houses of some large housing companies have rebounded from the downturn in 2022, of which in April increased by 32%, the prices of junk debt still wiped out 11%at the beginning of the year.
Bloomberg industry research analyst Kristy Hung pointed out in the report on Tuesday (May 2) that the default of Hejing Taifu may mean that the liquidity of the Ocean Group and Agile Group will also face the test."The incident showed that although the rescue plan was introduced in November last year, the government's support for the liquidity of private developers may still be insufficient, which has increased the urgency of capital increase," she said.
The annual report of Hejing Taifu said that the company will seek an agreement with the creditors who cross -breach of bonds and borrowings to cross the contract to strive for their right to exercise their claims.The company also stated that it is negotiating with related parties to sell commercial real estate and non -core real estate projects.
