At present, Hengda Real Estate is facing a serious debt problem. According to the latest announcement, the total debt of Hengda Real Estate was about 2.39 trillion yuan, including short-term loans, trade and other payables, and other debts. The company was already bankrupt and faced the risk of being delisted. In order to solve the debt problem, Hengda is undergoing debt restructuring and has obtained more than 20% of the debt holders to sign a support agreement. In addition, Hengda also faced the problem of funding gap and needed additional financing to support core tasks such as guaranteed delivery. The company's share price fell sharply after the trading resumed, and its market value shrank by nearly 80%. The company was also involved in major lawsuits and failed to pay off due debts, involving about 277.5 billion yuan. Overall, the company was facing severe financial difficulties and challenges.
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