Brief: China Aoyuan Says On 30 June, Agreed Key Commercial Terms Of Proposed Restructuring With The AHG

China Aoyuan

11/07/2023 16:16

July 11 (Reuters) - China Aoyuan Group Ltd  3883.HK :
    * ON 30 JUNE, AGREED KEY COMMERCIAL TERMS OF PROPOSED
RESTRUCTURING  WITH THE AHG,
    * PROPOSED RESTRUCTURING IS EXPECTED TO BE IMPLEMENTED
THROUGH A
SERIES OF INTER-LOCKING AND INTER- CONDITIONAL SCHEMES OF
ARRANGEMENT
    * PROPOSED RESTRUCTURING REPRESENTING  33.10% OF AGGREGATE
OUTSTANDING PRINCIPAL AMOUNT OF  OFFSHORE SENIOR NOTES ISSUED BY
CO
    * PROPOSED RESTRUCTURING IS EXPECTED TO BE IMPLEMENTED IN
HONG
KONG, CAYMAN ISLANDS AND BRITISH VIRGIN ISLANDS
    * PROPOSED RESTRUCTURING, WHEN COMPLETED, WILL PROVIDE 
GROUP WITH
SUSTAINABLE CAPITAL STRUCTURE  TO DELIVER LONG-TERM VALUE
    * PROPOSED RESTRUCTURING, INTENDED TO BE IMPLEMENTED VIA
SERIES OF
SCHEMES CAN BE APPROVED BY MAJORITY REPRESENTING AT LEAST 75%

Source text for Eikon:  ID:nHKS7nrc8W 
Further company coverage:  3883.HK