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China Aoyuan Group

From Wikipedia - Reading time: 5 min
China Aoyuan Group
FormerlyChina Aoyuan Property Group
Company typepublic
SEHK: 3883
IndustryReal estate
Founded1996
FounderMr. Guo Ziwen
HeadquartersGrand Cayman, Cayman Islands (registered office)
Guangzhou, China (de facto)
Area served
People's Republic of China
Key people
Chairman: Mr. Guo Ziwen
Websitewww.aoyuan.com.cn

China Aoyuan Group Limited or Aoyuan is a property developer headquartered in Guangzhou, Guangdong, China. It is engaged in property development, leasing, and hotel operations in Mainland China. It develops real estate properties in Chongqing, Shenyang, Yulin, Jiangxi, Qingyuan, and Guangzhou.[1][2]

Aoyuan's major shareholder, "Ace Rise Profits Limited", was incorporated in the British Virgin Islands.

On January 21, 2022, Fitch Ratings downgraded China Aoyuan Group Ltd. to ‘Restricted Default’ after their announcement that it won’t make payments on a set of dollar bonds.[3]

On December 20, 2023, the China Aoyuan Group declared Chapter 15 bankruptcy.[4]

Subsidiaries

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  • Guangzhou Aoyu (53.96%)[5]

References

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  1. ^ China Aoyuan Property Group Limited[dead link‍]
  2. ^ China Aoyuan Property Group Ltd Archived 2011-07-08 at the Wayback Machine
  3. ^ Shen, Hong (January 21, 2022). "Fitch Cuts China Aoyuan to Restricted Default: Evergrande Update". Bloomberg. Archived from the original on January 21, 2022. Retrieved 22 January 2022.
  4. ^ "Real Estate Developer China Aoyuan Files Chapter 15 Bankruptcy". Bloomberg. December 20, 2023. Retrieved December 20, 2023.
  5. ^ "MAJOR TRANSACTION - INVESTMENT BY HUAXIA LIFE INSURANCE CORPORATION LIMITED AND DEEMED DISPOSAL OF THE GROUP OF APPROXIMATELY 46.04% OF THE EQUITY INTERESTS IN GUANGZHOU AOYU" (PDF). China Aoyuan Property. Hong Kong Stock Exchange. 1 December 2014. Retrieved 21 January 2017.
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Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/China_Aoyuan_Group
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