Brief: Kaisa Group Says Restructuring Effective Date Shall Occur On Date To Be Announced By Co
29/11/2024 15:18
Nov 29 (Reuters) - Kaisa Group Holdings Ltd 1638.HK :
* RESTRUCTURING EFFECTIVE DATE SHALL OCCUR ON A DATE TO BE
PUBLICLY ANNOUNCED BY COMPANY
* RESTRUCTURING INVOLVES, IN EXCHANGE FOR FULL RELEASE AND
DISCHARGE OF RELEVANT CLAIMS AGAINST OBLIGORS
* COMPANY AND MEMBERS OF AHG ENTERED INTO AHG WORK FEE
LETTER
* WILL ISSUE US$ DENOMINATED MANDATORY CONVERTIBLE BONDS
WHICH
SHALL BE ALLOCATED TO EACH SCHEME CREDITOR
* WILL ISSUE EIGHT TRANCHES OF US$ DENOMINATED MANDATORY
CONVERTIBLE BONDS
Further company coverage: 1638.HK
((Reuters.Briefs@thomsonreuters.com;))
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