ASIA-PACIFIC

摘要

CHINA SINCYES SOLAR TECHNOLOGIES HOLDINGS has completed its debt restructuring with the help of an investment from state-owned SHUIFA GROUP. The restructuring plan was sanctioned by courts in Bermuda and Hong Kong this month through parallel schemes of arrangement, and became effective on December 19. Singyes defaulted on its offshore bonds in October last year, and under the restructuring creditors will receive a combination of cash and new bonds. The Hong Kong-listed curtain wall installation and solar engineering company had US$155.26m 6.75% senior notes due 2018, US$260m 7.95% senior notes due 2019 and Rmb96bn (US$14m) 5% convertible bonds due 2019.