根据公告，截至9月12日，旭辉集团全部公司债券均已经持有人会议表决通过了债券重组方案的相关议 案。 观点网讯：9月15日，旭辉集团股份有限公司发布关于公司债券停牌的公告。 根据约定，旭辉将于2025年9月12日（全部未偿债券为审议重组议案所召开的债券持有人会议召开完毕 之日）起30个交易日内分别向同意账户兑付并注销其持有的全部未偿债券同意张数的0.2%，为保证相 关工作顺利开展，保证公平信息披露，保护广大债券投资者的利益，根据《上海证券交易所公司债券上 市规则（2023年修订）》等相关规定，经公司申请，公司如下公司债券（以下简称"停牌债券"）自2025 年9月16日开市起停牌。 此次停牌涉及的债券包括"HPR旭辉1"、"H20旭辉2"、"H20旭辉3"、"H21旭辉1"、"H21旭辉2"和"H21旭 辉3"，债券代码分别为163539.SH、163540.SH、175259.SH、175762.SH、188454.SH和188745.SH。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 ...

Core Viewpoint - CIFI Group is facing challenges in restructuring its domestic bonds, particularly the "20 CIFI 01" bond, as it has not reached a new repayment arrangement with bondholders and has failed to secure sufficient funds for repayment by the original due date [1][8] Group 1: Restructuring Progress - As of July 22, 2025, CIFI has not reached a new repayment arrangement with bondholders for the "20 CIFI 01" bond, necessitating continued negotiations [1] - The initial restructuring proposal was announced on May 23, 2025, and was subsequently optimized on July 8, 2025, but bondholders have not approved the proposal [1][5] - Out of seven bonds involved in the restructuring, four have had their proposals approved by investors, while the "20 CIFI 01" bond proposal was rejected [1][5] Group 2: Investor Meetings - The first investor meeting for "20 CIFI 01" held on June 3, 2025, was declared invalid, leading to the organization of a second meeting by Zhejiang Rongpeng Investment Co., Ltd. [2] - The second investor meeting took place from July 11 to July 15, 2025, where six proposals were put to vote, including adjustments to repayment arrangements [3][5] - Legal opinions were provided for the second investor meeting, confirming that 70 investors participated, representing 50.46% of the bond's outstanding balance [5][6] Group 3: Voting Dynamics - The restructuring proposal for "20 CIFI 01" has faced strong opposition from bondholders, with multiple voting sessions failing to reach consensus [1][6] - The voting rules for "20 CIFI 01" require a "double 50%" approval, meaning both 50% attendance and 50% agreement from attendees are necessary for passage [6] - The restructuring proposals have led to a division among investors, with some accepting the revised terms while others remain opposed [7][10] Group 4: Default Concerns - The maturity date for "20 CIFI 01" was July 22, 2025, and there is a disagreement on whether this constitutes a substantive default, as CIFI believes there is a five-day buffer period for voting on the restructuring proposal [8] - CIFI has not announced a default for "20 CIFI 01," arguing that if the proposal is approved during the buffer period, it should not be considered a default [8] - Investors have expressed concerns that the failure to approve the restructuring could impact the overall restructuring process for other bonds [10]