Maples Group Advises China SCE on US$2.3 Billion Offshore Debt Restructuring

Maples Group advised China SCE Group Holdings Limited (“China SCE”), a Hong Kong-listed Chinese real estate group, on the successful restructuring of approximately US$2.3 billion of its offshore debt.

The significant restructuring was implemented through a scheme of arrangement, which secured overwhelming creditor support. The scheme was sanctioned on 16 June 2026 and became effective on 23 October 2026.

The transaction involved a comprehensive restructuring of China SCE’s offshore debt through a combination of cash payments, new debt instruments, mandatory convertible bonds and shares.

The Maples Group team comprised Dispute Resolution & Insolvency Partner, Nick Stern and Of Counsel Jean Bao, together with Finance Partner, Lorraine Pao.

Maples Group has one of the most established restructuring practices in the Cayman Islands and British Virgin Islands, with a leading track record of advising on complex cross-border restructurings involving Hong Kong-listed and Asia-based real estate groups, including China Evergrande Group, Country Garden, Sunac and E-House. The successful restructuring of China SCE further underscores Maples Group’s depth of expertise and longstanding leadership in offshore restructuring and insolvency matters.