Central China Real Estate Limited released a business update addressing the measures it is taking to resolve the going-concern disclaimer issued on its 2024 financial statements.
The developer confirmed that offshore debt work is progressing: business, financial, asset and legal due-diligence reviews—including an initial liquidation analysis—have been completed, and a preliminary restructuring plan is in place. In August 2025 the company submitted the core restructuring framework to creditors’ financial advisers and aims to negotiate USD-denominated debt redemption once confidentiality agreements are executed.
Onshore, Central China Real Estate has secured extensions for approximately RMB3.02 billion of existing borrowings as at 31 December 2025 and continues talks on further renewals while seeking additional funding channels such as relief loans.
To bolster liquidity, the group is combining strict cost control with targeted sales incentives, daily performance monitoring and expanded use of new-media marketing, although contracted sales remain under pressure amid a sluggish property market. Construction schedules are being closely tracked to ensure on-time delivery and release of restricted pre-sale proceeds, while major capital expenditure and new land acquisitions remain suspended until funding is secured.
Administrative spending is being pared through organisational streamlining and tighter controls on labour, travel and meeting costs. The group is also pursuing negotiated settlements on outstanding litigation to limit operational impact.
Management advises shareholders and potential investors to exercise caution when dealing in the company’s shares.
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