EMPEROR INTERNATIONAL Aktie

 

Emperor International Holdings has secured bank approval to resume borrowing under existing terms by nearly two years, providing the embattled Hong Kong developer with much-needed breathing room after it failed to meet HK$16.6 billion (US$2.13 billion) in debt obligations in July. Meanwhile, shares of Lai Sun Development (LSD) resumed trading on the Hong Kong stock exchange on Friday, after the firm said it was negotiating a potential asset sale alongside its parent company, Lai Sun Garment......

Hong Kong builder Emperor International Holdings Ltd. has won the backing of a key group of banks for a pillar of its restructuring plan — a proposal to extend about HK$16.5 billion ($2.1 billion) in overdue loans....

EMPEROR INT'L (00163.HK) recently submitted a revised debt restructuring plan to certain lenders, seeking to extend the maturity date of its bank loans to 31 December 2027, Bloomberg quoted sources as saying. Previously, EMPEROR INT'L disclosed in its annual results for the year ended March that, as of the end of March, ......

Hong Kong developer Emperor International Holdings' struggles reflect the highs and lows the city's property sector has endured over the past few years. Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly.......

Hong Kong developer Emperor International Holdings Ltd. shares fell the most this year Monday after it reported overdue bank loans and said it's talking to banks on a restructuring plan....