Brief: Jiayuan International Announces Update On Business Ops Of Group And Proposed Restructuring

Jiayuan International

30/01/2024 10:38

Jan 30 (Reuters) - Jiayuan International Group Ltd
 2768.HK :
    * UPDATE ON BUSINESS OPERATIONS OF GROUP AND PROPOSED
RESTRUCTURING
    * ON 19 JAN GUANGYUAN MINING RECEIVED DEMAND NOTICE FROM CTI
CAPITAL
    * DEMAND NOTICE FOR REPAYMENT BY 26 JAN OF TOTAL
INDEBTEDNESS OF
US$129.6 MILLION
    * AS AT JAN 30, TOTAL CLAIMS MADE AGAINST CO CURRENTLY
ESTIMATED
AT AROUND RMB30 BILLION
    * LIQUIDATORS EXPERIENCED DIFFICULTIES IN SECURING
SUFFICIENT
FUNDING TO MOVE FORWARD WITH A DEBT RESTRUCTURING
    * PREVAILING MARKET CONDITIONS HAVE COMPLICATED PROSPECTS
FOR
FUNDING OF A RESTRUCTURING

Source text for Eikon:  ID:n11053323-1 
Further company coverage:  2768.HK 

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