Real estate companies are updating overseas debt restructuring terms.

Huarong International Holdings Limited announced on the Hong Kong Stock Exchange that the company has been in discussions with a group of noteholders regarding new restructuring terms. The restructuring terms announced on April 29th of last year are no longer feasible. The company has established a special group with noteholders who hold more than 34.9% of the total principal amount of outstanding notes to enter into a restructuring support agreement to reflect the new restructuring terms. The company is seeking to restructure $4.018 billion in notes. The total principal amount of additional existing debt instruments subject to the proposed restructuring should not exceed $900 million.