CHINA AOYUAN(03883.HK): Onshore Debt Restructuring Plan Nears Finalisation; Contracted Property Sales Hit Approximately RMB864 Million in First Half
NewTimeSpace News: China Aoyuan Group Limited (03883.HK) announced that the Group’s onshore debt restructuring plan is nearly finalised and under consultation with all relevant parties. In the first half of 2026, the Group recorded contracted property sales of around RMB864 million and contracted sales area of approximately 84,700 square metres. Since January 2025, the Group has cut its total workforce by roughly 44% and streamlined its organisational structure down to two regional subsidiaries.
NewTimeSpace News: China Aoyuan Group Limited (03883.HK) issued an announcement on 30 June 2026. The Group is actively pushing forward comprehensive onshore debt restructuring, with the relevant plan nearly finalised and currently soliciting feedback from all stakeholders. During the first half of 2026, the Group entered into contractual arrangements with several onshore financial institutions, securing maturity extensions for existing onshore financing facilities with a principal amount of around RMB2 million.
In terms of sales performance, the Group achieved contracted property sales of approximately RMB864 million and a corresponding contracted sales area of about 84,700 square metres in the first half of 2026. To rein in administrative overheads, the Group has reduced its total employee headcount by around 44% since January 2025 and streamlined its organisational framework to only two regional companies.
In the first half of 2026, the Group reached three litigation settlements with business partners in respect of overdue and outstanding operating payables, bank loans and other borrowings. It continues to proactively explore potential asset disposal opportunities.
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