Group 1 - The company announced the sale of 161 million shares of its subsidiary, Baolong Commercial, for a total consideration of HKD 361 million, with the transaction expected to improve liquidity [1] - The real estate industry in China has been undergoing a deep adjustment since the second half of 2021, leading to unprecedented liquidity pressures for the company [1] - The company has implemented various measures to manage financial risks, including accelerating the pre-sale and sale of properties, extending debt maturities, and seeking new financing channels [1] Group 2 - The company has been working with professional advisors to develop a comprehensive management solution for its offshore debt, aiming to respect stakeholder rights and unlock the intrinsic value of its business and assets [2] - A restructuring support agreement was signed on October 10, 2025, with broad support from creditors, with over 85.48% of the planned debt creditors agreeing to the restructuring by December 19, 2025 [2] - The restructuring plan includes options for creditors to raise a total of USD 40 million through the sale or pledge of Baolong Commercial shares [2] Group 3 - The transfer of ownership of the target shares to the buyer will provide the company with cash proceeds in a relatively short time, improving liquidity and funding for restructuring and daily operations [3] - The sale reflects the continued support of the company's controlling shareholder and ensures continuity in the management of both the company and Baolong Commercial [3]
宝龙地产拟3.61亿港元出售宝龙商业1.61亿股