
Aoyuan
About Aoyuan
Aoyuan provides enterprise-level customers with cloud computing consulting services, cloud computing data center construction, application system planning and design implementation, forming cloud computing industry solutions in multiple fields, and helping users realize computing, storage, network, and software. It is based in Dalian, Liaoning.
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Latest Aoyuan News
Nov 29, 2023
(Yicai) Nov. 29 -- Shares of China Aoyuan Group jumped after creditors finally agreed to the troubled real estate developer's USD6.1 billion plan of offshore debt restructuring after over two years of negotiations. Aoyuan [HKG: 3883] surged by 9.2 percent to HKD0.24 (USD 30 cents) as of 3.11 p.m., still almost 30 percent down since the beginning of this year. The debt restructuring plan has won sufficient approval from creditors and will be effective after two court hearings and rulings, the Guangzhou-based property developer announced yesterday. Aoyuan will release further announcements in due time, it added. Next, Aoyuan will seek the Hong Kong court’s approval of the program during a hearing on Jan. 8 and it will have another hearing on the Cayman Islands on Dec. 7. The scheme divides the firm's offshore creditors into two categories, those with or without intercreditor agreements, per an earlier announcement. The program has two sub-plans with different debt recovery rates. The developer also plans to issue new financing instruments. Creditors who were present to vote on the scheme made up 79 and 88 percent of the voting rights of the two sub-programs. Editors: Shi Yi, Emmi Laine Follow Yicai Global on
Aoyuan Frequently Asked Questions (FAQ)
Where is Aoyuan's headquarters?
Aoyuan's headquarters is located at 24th Floor, Block B, Chuangye Building, No. 32 Huoju Road, Dalian High-tech Zone, Dalian.
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