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    1393 — Hidili Industry International Development News Story

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    Brief: Hidili Industry International Development Updates On Onshore Debt Restructuring

    Picture of Hidili Industry International Development logoHidili Industry International Development
    24/03/2023 14:14
    March 24 (Reuters) - Hidili Industry International
Development Ltd  1393.HK :
    * UPDATE ON ONSHORE DEBT RESTRUCTURING
    * UPDATE ON ONSHORE DEBT RESTRUCTURING
    * ON 21 MAR ORIENTAL TOPRICH ENTERED INTO GUARANTEE
ARRANGEMENT IN
FAVOUR OF PING AN BANK CHENGDU BRANCH, OTHERS
    * ISSUED 1.8 MILLION PREFERRED SHARES ON FEB 28 TO ORIENTAL
TOPRICH
    * AFTER COMMENCEMENT OF LITIGATION PROCESS, PING AN BANK TO
FACILITATE ORIENTAL TOPRICH TO GET SETTLEMENT
    * ISSUED PREFERRED SHARES TO ORIENTAL TOPRICH TO SATISFY AND
DISCHARGE CONVERSION INTEREST OF RMB948 MILLION
    * PING AN BANK CAN ENFORCE CREDITOR'S RIGHTS FOR CONVERSION
INTEREST, OF RMB417 MILLION AGAINST ORIENTAL TOPRICH


Further company coverage:  1393.HK 

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

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