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中国奥园(03883.HK):目前境内债务重组计划方案已经基本完善

Core Viewpoint - China Aoyuan (03883.HK) is implementing plans and measures to alleviate liquidity pressure and address the auditor's concerns regarding its going concern status Group 1: Debt Restructuring and Financial Management - The company is actively promoting a comprehensive restructuring of its domestic debt to establish a long-term mechanism for alleviating debt pressure and strengthening cash flow risk management [1] - The domestic debt restructuring plan is nearly complete and is currently seeking feedback from various parties, including domestic creditors [1] - The company has reached contractual arrangements with several domestic financial institutions to extend existing financing arrangements amounting to approximately RMB 1.014 billion [1] Group 2: Sales and Operational Efficiency - The company is accelerating the pre-sale and sale of properties under development and completed properties, achieving a contract sales amount of approximately RMB 4.02 billion and a contract sales area of about 436,200 square meters in the first half of 2025 [1] - To control administrative expenses, the company has optimized its workforce, reducing the total number of employees by approximately 28% since January 2025 and streamlining its organizational structure by eliminating two regional companies [1] Group 3: Legal and Asset Management - The company has reached three settlement agreements with business partners regarding overdue/unpaid operating payables, bank loans, and other borrowings in the first half of 2025 [1] - The company continues to explore potential asset sale opportunities and will announce any substantial progress in this area [1]