Harneys advises Yuzhou Group on the successful restructuring of its US$6.7 billion offshore debt

18 Sep 2025

Harneys acted as Cayman Islands counsel for Yuzhou Group Holdings Company Limited (Yuzhou Group) in relation to its successful restructuring of its US$6.7 billion offshore debt liabilities, alongside lead international counsel, Linklaters. Yuzhou Group is a leading residential and commercial property developer listed on the Hong Kong Stock Exchange, with operations spanning key regions in Greater China, including the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta.

After securing sanction of Yuzhou Group's parallel schemes of arrangement by the courts of Hong Kong SAR and the Cayman Islands, the restructuring became effective on 29 August 2025. This marks a significant milestone towards the holistic restructuring of Yuzhou Group's material indebtedness, which was completed over a three-year period. The implementation of this restructuring will significantly reduce Yuzhou Group's debt burden and provide the company with greater flexibility to address the challenges faced by the Chinese property sector in recent years.

The Harneys team was led by Partners Chai Ridgers, Ben Hobden, and Strachan Gray, supported by Counsel Caitlin Murdock, Senior Associates Sanjev Guna and Benjamin Bronzon, and Associate Celine Kee.

Harneys' dedicated Global Restructuring Group offers the specialist expertise required to navigate the complexities that can arise for a distressed company in a cross-border environment. Led by a team of ranked partners, the group works closely with the firm's formidable transactional, Litigation, Funds, Trusts, Tax, and Regulatory teams, providing clients with seamless service and bespoke legal advice that is tailored to their individual needs.

For further information, please get in touch with the Harneys team at Byfield Consultancy.

Harneys advises Yuzhou Group on the successful restructuring of its US$6.7 billion offshore debt

Authors