Brief: Amrita Global Development Says Court Made To Consolidate Bankruptcy Restructuring

Amrita Global Development

02/10/2024 15:50

Oct 2 (Reuters) - Amrita Global Development Ltd
 6836.HK :
    * HEDONG DISTRICT PEOPLE'S COURT OF LINYI CITY MADE A RULING
ON 25
SEPTEMBER TO CONSOLIDATE BANKRUPTCY RESTRUCTURING
    * BANKRUPTCY RESTRUCTURING OF SHANDONG TIANTONG, LINYI
TONGTAI
FOOD MACHINE MANUFACTURE AND LINYI YUANYU TRADING
    * CO HAS BEEN DISCUSSING DEBT SETTLEMENT PLAN WITH
ADMINISTRATOR
OF SHANDONG TIANTONG
    * TOTAL AMOUNT OF DEBT CONFIRMED AND EXPECTED BY
ADMINISTRATOR
RMB545 MILLION
    * COURT ALSO APPOINTED SHANDONG TIANTONG'S BANKRUPTCY
REORGANIZATION AND LIQUIDATION GROUP TO BE ADMINISTRATOR OF 3
COS
    * PROPOSED PLAN INCLUDES MAJOR SHAREHOLDER(S) RECOMMENCING
OPERATION OF SHANDONG TIANTONG ON ENTRUSTED BASIS, OTHERS

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