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An announcement from Xinyuan Real Estate Co ( (XIN) ) is now available.
Xinyuan Real Estate Co., Ltd. announced its strategic initiatives involving a spin-off of its Chinese real estate development operations and an offshore debt restructuring. The spin-off aims to create a standalone entity, Xin SpinCo, to improve the company’s asset-liability ratio and focus on international operations. The restructuring, supported by 25% of note holders, will discharge liabilities under the Scheme Notes, enhancing financial certainty. These moves are expected to unlock long-term value, enhance transparency, and realign the business structure.
More about Xinyuan Real Estate Co
Xinyuan Real Estate Co., Ltd. operates in the real estate industry, focusing on property development primarily in China. The company is involved in real estate development operations and also has interests in international operations, asset-light management, and investment and financial services.
Average Trading Volume: 25,389
Technical Sentiment Signal: Strong Sell
Current Market Cap: $16.73M
See more insights into XIN stock on TipRanks’ Stock Analysis page.