Brief: Jiangxi Jovo Energy Reaches Initial Agreement With Sino Oil And Gas On Restructuring

Sino Oil And Gas Holdings

22/02/2023 08:44

Feb 22 (Reuters) - Jiangxi Jovo Energy Co Ltd
 605090.SS :
    * SAYS IT HAS REACHED INITIAL AGREEMENT WITH SINO OIL AND
GAS
HOLDINGS LTD  0702.HK  ON RESTRUCTURING
    * SAYS RESTRUCTURING PROPOSAL INCLUDES BUYING ENTIRE
CREDITOR'S
RIGHT FOR SINO OIL AND GAS FROM CHINA HUARONG'S INVESTMENT ARM
    * SAYS IT WILL BUY SINO OIL AND GAS' CONVERTIBLE BONDS IN
WHICH
PROCEEDS WILL BE USED FOR THE LATTER TO REPAY DEBTS

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 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-39525805;))