Wanda Group is negotiating with its investors to sell them its shopping malls in tier-one and two cities, mainland media The Paper reported.
And Shimao Group (0813) has proposed an offshore debt restructuring so as to deleverage by about US$6 billion (HK$46.8 billion) to US$7 billion.
According to market reports, included in Wanda's plan are Wanda Plazas located in first and second-tier cities. The group hopes to raise liquidity, and is currently in discussion with investment institutions.
However, the developer has not identified the investment institutions that it is in contact with.
In respect of the listing of Zhuhai Wanda Commercial Management in Hong Kong, Wanda said there is not yet a timetable for it.
In other developments, the China Index Academy estimated that the financing of Chinese developers shrank 2.6 percent monthly to 41.3 billion yuan (HK$45.2 billion) in November.
The average interest rate for bond financing in the property industry was 3.48 percent last month, marking a year-on-year increase of 0.13 percentage points.
The amount of overseas bonds issued last month slumped by 85.1 percent yearly to 510 million yuan, accounting for only 1.2 percent of the total issuance.
