Changes in Hong Kong stocks | Zhengrong Real Estate (06158) rose more than 180% The terms of the overseas restructuring plan have been sent to some creditors

The Zhitong Finance App learned that Zhengrong Real Estate (06158) has increased by more than 180%, and the cumulative increase during the month has already exceeded 800%. As of press release, it rose 168.29% to HK$0.11, with a turnover of HK$19.09 million.

According to the news, Zhengrong Real Estate announced that the company has sent a document containing proposed clauses for the overall overseas debt management plan to a number of creditors. Key provisions of the clause include cancellation of debts and full cancellation of relevant parties' obligations, and the proportional issuance of new shares of the company to creditors who have approved the plan arrangements. Overseas restructuring plans and planning arrangements are still subject to agreement with creditors and certain preconditions before they can be implemented.

It is worth noting that recently there was news that Zhengrong Real Estate plans to restructure its domestic bonds. The restructuring covered 9 bonds listed on the Shanghai Stock Exchange. The principal amount of the relevant bonds was 6.661 billion yuan, and the total debt size after adding accrued interest reached 7.203 billion yuan. If successfully implemented, the Board believes that the Group's debt level will be reduced.