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1813 KWG group News Story

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Brief: KWG Group Reached Agreement In Principle On Key Terms Of Holistic Restructuring Proposal

Feb 23 (Reuters) - KWG Group Holdings Ltd 1813.HK:

REACHED AN AGREEMENT IN PRINCIPLE WITH AHG ON KEY TERMS OF A HOLISTIC RESTRUCTURING PROPOSAL

INTENDS TO IMPLEMENT RESTRUCTURING THROUGH A SCHEME OF ARRANGEMENT IN HONG KONG

RESTRUCTURING PROPOSAL ADDRESSES COMPANY'S OFFSHORE INDEBTEDNESS UNDER US$3.95 BILLION SENIOR NOTES, OTHERS

ALC NOTES MAXIMUM IN PRINCIPAL AMOUNT OF US$400.2 MILLION WILL BE ISSUED BY SPECIAL PURPOSE VEHICLE OWNED BY CO

CHAIRMAN AND/OR HIS FAMILY MEMBER(S) WILL PROVIDE NEW MONEY INJECTION UP TO US$10 MILLION

Further company coverage: 1813.HK

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

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