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1098 — Road King Infrastructure News Story

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Brief: Road King Infrastructure Reached An In-Principle Agreement With Significant Proportion Of Creditors

March 16 (Reuters) - Road King Infrastructure Ltd 1098.HK:

REACHED AN IN-PRINCIPLE AGREEMENT WITH SIGNIFICANT PROPORTION OF CREDITORS

NEW SELECT IN-PRINCIPLE PROPOSAL FURTHER CONTEMPLATES UNDERTAKING FROM COMPANY TO FACILITATE DISPOSAL OF CREDITOR INTEREST

CONTEMPLATES HOLDERS OF EXISTING NOTES ELIGIBLE FOR NEW SELECT SCHEME WOULD BE ENTITLED TO RECEIVE CONVERTIBLE BONDS

NEW SELECT IN-PRINCIPLE PROPOSAL CO WILL GRANT CREDITOR SPV FULL CONTROL OVER SALE PROCESS IN RESPECT OF CREDITOR INTEREST

Further company coverage: 1098.HK

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

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