RiseSun Real Estate plans debt restructuring

RiseSun Real Estate Development announced plans to restructure its debt in an effort to alleviate financial pressures and promote long-term growth. The proposed restructuring plan involves integrating assets and developing a debt restructuring strategy. As part of this plan, the company intends to use a stock-for-debt swap with some of its quality assets, namely equity interests in its light assets, including those involved in hotel management, construction management, commercial management, and industrial service subsidiaries. These assets will be used to settle both financial and operational debts. RiseSun aims to boost its light asset operations in the future and increase revenue and profits in non-real estate sectors. The company will actively manage its day-to-day production and operations while the restructuring is underway. The plan still requires audits and valuations of the assets and will need further discussion with creditors. Shareholders should be aware of investment risks due to the uncertainty of the process.