E-House Gains Majority Creditor Backing as Offshore Debt Restructuring Moves Into Court Phase
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E-House (China) Enterprise Holdings Limited has announced that 66.91% of its offshore debt holders have agreed to its Restructuring Support Agreement, marking a significant step in its debt restructuring process. The company has initiated court proceedings in Hong Kong and the Cayman Islands, setting a deadline for noteholders to join the agreement. The latest analyst rating for E-House stock is a Hold with a price target of HK$0.08. E-House operates in China's real estate services sector and focuses on managing its financing structure.
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