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Zhongliang Holdings Group Company Limited ( (HK:2772) ) has shared an announcement.
Zhongliang Holdings Group Company Limited has initiated a Consent Solicitation to amend the terms of its senior notes and convertible bonds due in 2027. This move aims to extend the maturity dates, adjust interest payments, and modify the conversion notice deposit window. The company is taking these steps to improve liquidity and financial stability amid ongoing pressures in the Chinese real estate market. Despite government support policies, the market remains under pressure, prompting Zhongliang to focus on cash flow management and debt maturity extension to meet its financial commitments.
More about Zhongliang Holdings Group Company Limited
Zhongliang Holdings Group Company Limited is a property development company incorporated in the Cayman Islands. The company operates primarily in the real estate sector, focusing on property development in China. It has been navigating the challenging market conditions in the Chinese real estate industry due to government regulations and limited bank lending.
Average Trading Volume: 4,330,035
Technical Sentiment Signal: Sell
Current Market Cap: HK$369.3M
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