China SCE Property controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Offshore dollar bond default, China SCE Commercial Management shares under receivership; entering debt restructuring
In October 2023, China SCE Group failed to pay principal and interest on a syndicated loan of about US$61 million, triggering cross-default on offshore US dollar senior notes, and the relevant notes were suspended; a receiver was appointed over pledged China SCE Commercial Management shares; the domestic bond “20中骏02” sought an extension. In 2025, it launched restructuring of about US$2.271 billion in offshore debt, and in 2026 obtained support from about 99% of creditors, pending approval by the Hong Kong High Court. Debt restructuring is ongoing.