Core Viewpoint - The debt restructuring plan of Ronshine China (03301.HK) has not been launched as scheduled, with the issuer seeking more time to finalize the plan [1] Group 1: Debt Restructuring Plan - Ronshine China previously indicated that a restructuring plan would be released in October, but it remains uncertain [1] - The restructuring plan is intended to cover both public and private bonds, referencing restructuring plans from other companies like Sunac [1] - In January, Ronshine initiated a vote for an extension, which was approved, postponing payments due in March to October 28 [1] Group 2: Payment and Bond Status - As of October 28, the issuer announced that the necessary funds for debt repayment were not in place [1] - Six existing corporate bonds, totaling 7.0148 billion yuan, were suspended from trading starting October 29, with the resumption date to be determined [1] - The issuer is required to pay interest accrued from April 28, 2023, to October 28, 2025, as per the extension plan, with grace periods ranging from 30 to 90 days for the bonds [1]
融信中国原计划10月推出的境内债务重组方案仍未确定