Brief: China Aoyuan Says Continues To Work Closely With Its Financial And Legal Advisors

China Aoyuan

30/09/2022 11:37

Sept 30 (Reuters) - China Aoyuan Group Ltd  3883.HK :
    * CONTINUES TO WORK CLOSELY WITH ITS FINANCIAL AND LEGAL
ADVISORS
TO ANALYZE THE FINANCIAL  POSITION OF THE GROUP
    * QUARTERLY UPDATE ON RESUMPTION PROGRESS
    * AS AT SEPT 30, GROUP ENTERED INTO CONTRACTUAL ARRANGEMENTS
WITH
CERTAIN  ONSHORE FINANCIAL INSTITUTIONS
    * ACCUMULATED UNAUDITED PROPERTY CONTRACTED SALES FOR
JANUARY TO
AUGUST 2022 WAS  APPROXIMATELY RMB17.25 BILLION
    * ARRANGEMENTS TO EXTEND MATURITY OF EXISTING ONSHORE
FINANCING
ARRANGEMENTS OF OVER RMB23 BILLION IN PRINCIPAL AMOUNT
    * ALSO IN FURTHER NEGOTIATIONS WITH ONSHORE CREDITORS 
REGARDING
EXTENSION OF MATURITY DATE UNDER OTHER ONSHORE FINANCING
ARRANGEMENTS
    * MAINTAINS AN ONGOING DIALOGUE WITH POTENTIAL INVESTORS IN
RELATION TO A RECAPITALIZATION
    * SHARES OF CO WILL CONTINUE TO BE SUSPENDED UNTIL FURTHER
NOTICE
    * AS AT DATE, GROUP HAS  NOT ENTERED INTO ANY LEGALLY
BINDING
AGREEMENT WITH ANY SUCH INVESTOR

Source text for Eikon:  ID:nHKSwv0Xq 
Further company coverage:  3883.HK 
 ((Reuters.Briefs@thomsonreuters.com;))