Brief: China Aoyuan Says Several Creditors Have Signed And/Or Acceded To Standstill Agreements

China Aoyuan

12/06/2023 16:32

June 12 (Reuters) - China Aoyuan Group Ltd  3883.HK :
    * AS OF 12 JUNE, SEVERAL CREDITORS HAVE SIGNED AND/OR
ACCEDED TO
STANDSTILL AGREEMENTS
    * NEGOTIATIONS WITH ITS MAJOR OFFSHORE CREDITORS ON TERMS OF
A
HOLISTIC RESTRUCTURING ARE ONGOING
    * COMPANY AND ITS ADVISORS ARE IN ACTIVE DISCUSSIONS WITH
CERTAIN
MAJOR OFFSHORE CREDITORS
    * ULTIMATELY AIMS TO IMPLEMENT A HOLISTIC FINANCIAL
RESTRUCTURING
THAT WOULD PROVIDE GROUP WITH A SUSTAINABLE CAPITAL STRUCTURE

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

 ((Reuters.Briefs@thomsonreuters.com;))