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An update from Chuang’s China Investments Limited ( (HK:0298) ) is now available.
Chuang’s China Investments Limited and its affiliate Chuang’s Consortium International Limited have announced that, pursuant to the debt restructuring of Chinese developer Sunac, they have exchanged their existing Sunac notes and a 1.00% convertible bond for new mandatory convertible bonds issued by Sunac. For Chuang’s China, this involves swapping a series of US dollar notes maturing between 2025 and 2030, plus accrued but unsettled interest of about US$0.2 million and the old convertible bond, into approximately US$2.8 million short-term mandatory convertible bonds due June 2026 and about US$2.1 million long-term mandatory convertible bonds due June 2028, with no cash consideration changing hands. The transaction crystallises the group’s exposure to Sunac into equity-linked instruments rather than conventional notes, aligning it with the broader restructuring of China’s distressed property sector and potentially affecting the timing and nature of recovery for the company and its stakeholders.
The most recent analyst rating on (HK:0298) stock is a Sell with a HK$0.10 price target. To see the full list of analyst forecasts on Chuang’s China Investments Limited stock, see the HK:0298 Stock Forecast page.
More about Chuang’s China Investments Limited
Chuang’s China Investments Limited is a Hong Kong-listed investment holding company engaged in property development and investment, hospitality and other related businesses, primarily in mainland China and Hong Kong. Through its group structure and affiliation with Chuang’s Consortium International Limited, it manages a diversified portfolio of real estate and financial assets, including holdings in debt securities issued by Chinese corporates.
YTD Price Performance: 16.13%
Average Trading Volume: 774,391
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$253.5M
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