Bi-Guiyuan, a major Chinese real estate company that is experiencing financial difficulties, has announced that some of its creditors have filed a petition with a Hong Kong court to liquidate the company.
The focus will now be on whether debt restructuring will proceed.
Biguiyuan, a major real estate company in China, has fallen into financial difficulties due to the real estate recession, and in October last year, an international financial committee judged it to have defaulted on some of its foreign currency-denominated bonds. Ta.
On the 28th, the company announced that some creditors have filed a petition with the High Court of Hong Kong to liquidate the company, alleging that debts amounting to approximately HK$1.6 billion, or approximately 30 billion yen in Japanese yen, have not been paid. did.
The first hearing is scheduled to be held on May 17th, with the company stating, ``We strongly oppose the allegations and will take all necessary measures.'' "We will continue to strive for this."
In January, the Hong Kong High Court ordered the major Evergrande Group to liquidate the company, citing a lack of progress in debt restructuring.
Going forward, the focus will be on whether Hekkeien's debt restructuring will proceed.