Nov 14 (Reuters) - Country Garden Holdings Co Ltd 2007.HK:
PROPOSES RESTRUCTURING INVOLVING MULTIPLE DEALS
RESTRUCTURING AIMS TO REDUCE INDEBTEDNESS BY OVER USD11 BILLION
CO TO ISSUE MCB (A) ISSUANCE UP TO USD7.5 BILLION AS SCHEME CONSIDERATION
CO TO ISSUE MCB (B) ISSUANCE UP TO USD5.4 BILLION AS SCHEME CONSIDERATION
COMPANY OBTAINS SUPPORT FROM CREDITORS FOR SCHEME
PROPOSES TO ISSUE UP TO 914.2 MILLION NEW SHARES FOR PAYMENT OF CERTAIN WORK FEES OWED TO EACH OF AHG, COCOM AND CB HOLDER GROUP
ON 13 NOV COMPANY AND CONCRETE WIN ENTERED INTO SHAREHOLDER LOANS EQUITISATION AGREEMENT
CGRE HAS CONDITIONALLY AGREED TO DISPOSE OF CGWF SHARES AND CIBS PREFERENCE SHARES HELD BY CGRE TO CONCRETE WIN
Further company coverage: 2007.HK
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