昔日千亿房企债务重组迎新进展，力争本月底前达成重组条件

Core Viewpoint - Yuzhou Group is actively seeking consent from qualified holders to amend the covenants of its 6.0% senior notes due in 2027, aiming to optimize debt repayment arrangements and ensure financial stability post-restructuring [2][3]. Company Summary - Yuzhou Group's offshore debt restructuring process began in 2024, with creditor support obtained and restructuring plans effective from October 4, 2024. However, due to the ongoing downturn in the Chinese real estate market, the final deadline for completing the restructuring has been extended to August 31, 2025 [2][3]. - The company completed a rights issue in July 2025, raising approximately HKD 92.2 million to cover restructuring costs and supplement operational funds, marking a significant milestone in the restructuring process [2]. - As of the end of June 2024, Yuzhou Group had total assets nearing CNY 100 billion, and for the first seven months of 2025, the cumulative sales amounted to CNY 4.149 billion, with an average selling price of CNY 14,606 per square meter [3]. Industry Context - Since 2025, numerous real estate companies have reported progress in debt restructuring and corporate reorganization, including major players like Country Garden, Sunac, and Longfor. As of August 4, 2025, a total of 60 distressed real estate firms have disclosed advancements in their debt restructuring or bankruptcy reorganization efforts, indicating a new phase of risk clearance in the real estate industry [4].