Sun 05/29/2022 21:50 PM
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KWG Group Holdings tear sheet: Financial Analysis from Reorg's Asia Core Credit team.

Relevant Documents
$378M 6% Green Senior Notes Due 2026 Offering Memorandum (Due ’26 OM)
KWG FY’21 Annual Report
KWG FY’20 Annual Report
Guangzhou Hejing FY’21 Audited Financial Report
Excel Download on Reorg Analysis Page
Reorg Asia’s Highlights:



  • KWG faces a liquidity gap of around RMB 8 billion ($1.2 billion) in 2022 -- unrestricted cash of around RMB 10 billion vs approximately...
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