Brief: Modern Land (China) Says Have Been Engaged In Constructive Dialogues Towards Restructuring Of Its Offshore Indebtedness

Modern Land (China)

25/02/2022 15:04

Feb 25 (Reuters) - Modern Land (China) Co Ltd  1107.HK :
    * HAVE BEEN ENGAGED IN CONSTRUCTIVE DIALOGUES TOWARDS A
RESTRUCTURING OF ITS OFFSHORE INDEBTEDNESS
    * PROGRESS MADE WITH NUMBER OF MAJOR HOLDERS OF CO'S
EXISTING
SENIOR NOTES IN NEGOTIATIONS ON TERMS OF FINANCIAL RESTRUCTURING
    * PROPOSED RESTRUCTURING IS EXPECTED TO BE IMPLEMENTED
THROUGH A
SCHEME OF ARRANGEMENT IN CAYMAN ISLANDS
    * EXPECTS TO COMMENCE PROCESS OF IMPLEMENTING PROPOSED
RESTRUCTURING ON TERMS SET FORTH IN RSA AS SOON AS POSSIBLE

Source text for Eikon:  ID:nHKS9GtTdL 
Further company coverage:  1107.HK 

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