Brief: Morris Home Says Units Filed Pre-Restructuring Applications With People's Court Of Haining City

Regal Partners Holdings

19/01/2022 15:03

Jan 19 (Reuters) - Morris Home Holdings Ltd  1575.HK :
    * APOLLO LEATHER AND FASHION HOME FILED PRE-RESTRUCTURING
APPLICATIONS WITH PEOPLE'S COURT OF HAINING CITY
    * APPLICATIONS TO REQUEST COURT TO ALLOW RELEVANT UNITS TO
FORMULATE PRE-RESTRUCTURING PLANS TO RESOLVE THEIR DEBT
POSITIONS
    * UNTIL END OF PRE-RESTRUCTURING, RELEVANT UNITS CAN
CONTINUE
THEIR BUSINESS OPERATIONS WITH THEIR AVAILABLE RESOURCE
    * PRE-RESTRUCTURING PROCESS IS EXPECTED TO RUN FOR AT LEAST
A FEW
MONTHS AFTER COMMENCEMENT
    * IF PRE-RESTRUCTURING RESULTS IN DECONSOLIDATION OF
RELEVANT
UNITS, EXPECTED THAT GROUP'S ASSETS AND LIABILITIES WILL BOTH
DECREASE

Further company coverage:  1575.HK 

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