Brief: Guangdong Adway Construction Made An Application For Bankruptcy Restructuring

Guangdong Adway Construction (Group) Holdings

26/09/2023 02:54

Sept 26 (Reuters) - Guangdong Adway Construction Group
Holdings Co Ltd  6189.HK :
    * MADE AN APPLICATION TO SHENZHEN INTERMEDIATE PEOPLE'S
COURT FOR
BANKRUPTCY RESTRUCTURING ON 25 SEPT
    * DEFAULT OF BANK DEBTS HAS LED CO INTO FINANCIAL
DIFFICULTIES,
RESULTING IN LACK OF ABILITY TO REPAY DEBTS DUE
    * RESTRUCTURING APPLICATION MAY HELP CO TO REDUCE ITS DEBT
BURDEN,
ALLEVIATE FINANCIAL COSTS, AMONG OTHERS

Further company coverage:  6189.HK 

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