Brief: Yuzhou Says Progress Of Holistic Solution For Offshore Debts

Yuzhou group

08/02/2024 15:32

Feb 8 (Reuters) - Yuzhou  1628.HK :
    * SIGNIFICANT PROGRESS OF HOLISTIC SOLUTION FOR OFFSHORE
DEBTS AND
ENTRY INTO RESTRUCTURING SUPPORT AGREEMENT
    * RECEIVED STRONG SUPPORT FROM AD HOC GROUP FOR PROPOSED
RESTRUCTURING
    * PROPOSED RESTRUCTURING IS EXPECTED TO BE PRINCIPALLY
IMPLEMENTED
THROUGH  SCHEME OF ARRANGEMENT
    * SHALL RAISE A MAXIMUM SUM OF US$14.4 MILLION BY WAY OF A
RIGHTS
ISSUE

Source text for Eikon:  ID:nHKSmnJsX 
Further company coverage:  1628.HK 

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