HKSE - Delayed Quote HKD

China South City Holdings Limited (1668.HK)

0.145

+0.010

(+7.41%)

At close: April 26 at 4:08 PM GMT+8

Developer China South City stock sinks 37% to record low in Hong Kong after warning of multiple bond defaults

Chinese developer China South City Holdings plunged 37 per cent to an all-time low after it warned last week that it would default on multiple bonds maturing this year, having earlier failed to win reprieve from creditors to postpone repayment. The Shenzhen-based company tumbled to HK$0.134 at 2.20pm local time in Hong Kong from HK$0.212 on Friday as trading resumed after the Lunar New Year break, set to close at the lowest since its listing in September 2009. Today's slump extended the stock's

South China Morning Post 2 months ago

^YH104

^YH310
State-backed developer China South City averts default on July 2024 bond with consent from creditors, fails to restructure four other bonds

China South City Holdings averted a default on an offshore debt after winning consent from creditors on deadline day, a narrow escape for the state-backed developer struggling with a liquidity squeeze after months of sliding home sales. It failed to restructure four other bonds. Bondholders agreed to extend the maturity of its US$235 million July 2024 note by 37 months to August 2027, as well as lower the annual coupon by half to 4.5 per cent, according to a statement issued by its information a

South China Morning Post 4 months ago

^YH104

Performance Overview

Return	1668.HK	HANG SENG INDEX
YTD	-51.67%	+3.54%
1-Year	-70.28%	-10.03%
3-Year	-81.53%	-39.30%