Brief: China Haisheng Juice Holdings Updates On Pre-Restructuring Of Core China Subsidiaries
08/03/2022 01:33
March 8 (Reuters) - China Haisheng Juice Holdings Co Ltd
0359.HK :
* PRE-RESTRUCTURING OF CORE CHINA SUBSIDIARIES
* HAISHENG FRUIT INDUSTRY DEVELOPMENT CO FILED
PRE-RESTRUCTURING
APPLICATION WITH COURT
* APPLICATION REQUESTING COURT TO ALLOW HAISHENG FRUIT TO
DEVELOP
A PRE- RESTRUCTURING PLAN TO RESOLVE ITS DEBT SITUATION
* ACTIVELY NEGOTIATING WITH EXTERNAL RESTRUCTURING INVESTORS
AND
CREDITORS TO DISCUSS INVESTMENT MATTERS AND DEBT DISPOSAL PLAN
* AS OF DATE, COURT RULED TO ACCEPT PRE-RESTRUCTURING
APPLICATION
OF HAISHENG FRUIT AND APPOINTED A TEMPORARY ADMINISTRATOR
* HAISHENG FRUIT EXPECTED TO GO INTO LIQUIDATION ONLY AT END
OF
IMPLEMENTATION PHASE OF PRE-RESTRUCTURING PROGRAM
Further company coverage: 0359.HK
((Reuters.Briefs@thomsonreuters.com;))
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