China Aoyuan Group Explained

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

• Guangzhou Aoyu (53.96%)^[5]

Notes and References

1. http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=34766654 China Aoyuan Property Group Limited
2. http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C156SNG00 China Aoyuan Property Group Ltd
3. News: Shen . Hong . Fitch Cuts China Aoyuan to Restricted Default: Evergrande Update . 22 January 2022 . Bloomberg . January 21, 2022 . https://archive.today/20220121175737/https://www.bloomberg.com/news/articles/2022-01-21/more-advisers-eyed-bond-rally-peters-out-evergrande-update . January 21, 2022.
4. Web site: Real Estate Developer China Aoyuan Files Chapter 15 Bankruptcy. December 20, 2023. December 20, 2023. Bloomberg. en.
5. Web site: 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. 1 December 2014. 21 January 2017. China Aoyuan Property. Hong Kong Stock Exchange.