Mumbai Investment：Double Week Company (2023.11.16-2023.11.30)

From: Indian Economic Weekly

Sunac India's overseas debt reorganization successfully

After 18 months, Sunac India (01918.HK) overseas debt reorganization was successful.

On the evening of November 20, Sunac India announced that the company's overseas debt reorganization conditions have been met, and it will officially take effect on November 20, 2023.This means that Sunac became the first large -scale real estate company to complete all the processes of domestic and foreign debt restructuring.Mumbai Investment

According to the announcement of the evening of November 20, the existing debt of Sunac creditor will be replaced with new bills, mandatory convertible bonds, convertible bonds, and Sunac services, respectively.US $ 2.75 billion, $ 1 billion, $ 775 million.New bills, mandatory convertible bonds, and convertible bonds were listed on November 21 on November 21.

For Sunac, the implementation of the overseas debt reorganization plan can reduce about $ 4.5 billion overseas debt, which accounts for about 45%of its overseas public market debt scale, which can reduce the company's debt scale.Overseas debt buffer period for 2 to 3 years.Before completing the reorganization of overseas debt, Sunac had completed the reorganization of domestic debt with a total of about 15.4 billion yuan in January this year, with a overall exhibition period of 3 to 5 years.

From the perspective of industry insiders, with the completion of the entire reorganization of public market debt at home and abroad, the overall solution of about 90 billion yuan in debt risks will be created, and the fundamentals of business will also usher in a comprehensive improvement.The pressure on debt repayment, and the increasing debt has also led to the increase in equity capital, a significant restoration of the balance sheet, and creating better conditions for business recovery.In addition, the successful reorganization of Sunac's overseas debt will also effectively guarantee the core operating task of insurance delivery.

The second launch of the SpaceX star ship failed

On November 18th, the "Star Ship" heavy rocket of the "Star Ship" of the American Space Exploration Technology Company (SpaceX Corporation) launched the air.Space X confirmed that the task control center lost contact with the "Star Ship" for a few minutes after launching the launch and was forced to start the self -destruction system.CNN said that the second test flight of the "Star Ship" went further than the test flight in April this year, but still did not complete all the scheduled plans, and eventually exploded again.Musk responded to the explosion in Twitter, saying: "After a exciting" Star Ship "test launch, congratulations to the SpaceX team! A lot of things for the next test launch for a few months later."

Alibaba rumor layoffs of 25,000 people, and they have called the police

On the evening of November 19, Alibaba clarified a rumor that "Ali is about to lay off 25,000 people"."FakeUdabur Stock! This is a rumor in May, and it was rumored at the time." The head of the public relations of Ali Group said in the circle of friends.Some Ali people said: "The rumors of layoffs are one after another, but the fake is fake." Ali has called the police for the rumor.Earlier, on November 16th, Ali released a report on the second fiscal quarter of the fiscal year 2024 (as of September 30). In the quarter, Ali revenue was 224.79 billion yuan, an increase of 9%year -on -year, and the market expects to be 224.096 billion yuan.NON-GAAP's net profit was 40.188 billion yuan, an increase of 19%year-on-year.As of September 30, the total number of employees was 224,955.

Xiaomi responds to the progress of Xiaomi Automobile

On November 20, Xiaomi released the third quarter financial report.The financial report shows that Xiaomi achieved revenue of 70.9 billion yuan in the third quarter, a year -on -year growth of the first six quartersHyderabad Stocks. After adjustment of net profit of 6 billion yuan, a year -on -year increase of 182.9%.During the financial report meeting, Lu Weibing, a partner and president of Xiaomi Group, also revealed the progress of car building.He said that the goal of mass production in the first half of next year should be unchanged, and the overall progress meets expectations."There is still the second winter test, I believe it will be smooth. According to the original goal, there is no big problem. At the same time, Xiaomi will invest more and more in automobilesLucknow Investment. R & D personnel have been 3000 at 3000People around. "

Indian Media: China Enterprise has abandoned the investment plan of $ 330 million in printing

Recently, many Indian media reported that Apple's Indian suppliers changed their previous $ 330 million investment plans and abandoned investing in factories in India. "This is the loss of India."In the past three years, Lixun Precision has tried to expand its business in India many times, but has not progressed smoothly.A source said that the visa of the Lixun precision executives had been rejected many times.On November 9, the Management Committee of the North Jiangxi Provincial Industrial Park of Vietnam announced that Lixun Precision will invest 330 million US dollars in the province to build new production facilities.According to India's "Business Standards", Indian enterprises have changed their plans to India's loss and Vietnam gain.

(Published in this article in India Economic Weekly, No. 22, 2023)

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