Hongyang Real Estate (01996) issued an announcementcrazyfoxunlimitedspins, regarding the filing of liquidation in the High Court against its controlling shareholder Hongyang Group Co., Ltd.(Hongyang)crazyfoxunlimitedspins(Hongyang Petition) regarding the 2.5 billion yuan issued by Hongsheng Co., Ltd.(a direct wholly-owned subsidiary of Hongyang) and guaranteed by Hongyang due in 2022crazyfoxunlimitedspins.75 billion in senior notes (senior notes).
The company was informed by Hongyang that in view of the significant progress made in the reorganization of the senior notes, the hearing of Hongyang's petition would be postponed to July 15, 2024.