Hong Kong Builder Emperor Revises Debt Plan, Seeks Loan Extensions

Hong Kong’s property slump is weighing on a range of local developers, with a well-known but smaller-scale builder the latest to seek relief from creditors.

Emperor International Holdings Ltd. has sent a revised debt restructuring proposal to some lenders in recent days, seeking to extend the maturity of its bank borrowings to Dec. 31, 2027, according to people familiar with the matter. The company earlier reported that it had HK$16.6 billion ($2.1 billion) in overdue bank loans, breaching certain terms on the facility agreements.