Previous Close | 0.0125 |
Open | 0.0130 |
Bid | 0.0130 x 4910000 |
Ask | 0.0215 x 4910000 |
Day's Range | 0.0130 - 0.0130 |
52 Week Range | 0.0110 - 0.0600 |
Volume | |
Avg. Volume | 14 |
Market Cap | 197.57M |
Beta (5Y Monthly) | 0.94 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.0300 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.00 (18.72%) |
Ex-Dividend Date | Sept 26, 2023 |
1y Target Est | N/A |
Chinese developer China South City Holdings plunged 37 per cent to an all-time low after it warned last week that it would default on multiple bonds maturing this year, having earlier failed to win reprieve from creditors to postpone repayment. The Shenzhen-based company tumbled to HK$0.134 at 2.20pm local time in Hong Kong from HK$0.212 on Friday as trading resumed after the Lunar New Year break, set to close at the lowest since its listing in September 2009. Today's slump extended the stock's
It also expects to default on the interest payment due on Feb. 12 for its 9% Senior Notes due April 2024. The company, which has been experiencing an increasing strain on its working capital amid China's property sector woes, said it is seeking financing and is working on generating sufficient cash flow to prevent the potential default.
China South City Holdings averted a default on an offshore debt after winning consent from creditors on deadline day, a narrow escape for the state-backed developer struggling with a liquidity squeeze after months of sliding home sales. It failed to restructure four other bonds. Bondholders agreed to extend the maturity of its US$235 million July 2024 note by 37 months to August 2027, as well as lower the annual coupon by half to 4.5 per cent, according to a statement issued by its information a