Brief: Yuzhou Group Says Certain Parties Who Hold Minority Interest In Old Notes To Initiate Legal Action Against Co

Yuzhou group Co

01/03/2022 11:41

March 1 (Reuters) - Yuzhou Group Holdings Co Ltd  1628.HK :
    * FURTHER UPDATE ON SENIOR NOTES
    * CERTAIN PARTIES WHO CLAIM TO HOLD MINORITY INTERESTS IN
OLD
NOTES HAVE INFORMED THEIR INTENTION TO INITIATE LEGAL ACTION
AGAINST CO
    * PARTIES TO INITIATE LEGAL ACTION AGAINST COMPANY IF
COMPANY DOES
NOT REDEEM SUCH OLD NOTES THAT THEY CLAIM TO HOLD ON THEIR TERMS
    * URGES ALL CREDITORS TO REFRAIN FROM TAKING RADICAL LEGAL
ACTION
WHICH MAY NOT BE CONDUCIVE TO IMPLEMENTATION OF SUCH HOLISTIC
SOLUTION
    * IS REVIEWING POSSIBLE OPTIONS IN ORDER TO IMPLEMENT A
HOLISTIC
SOLUTION TO CURRENT SITUATION
    * LOOKS FORWARD TO CONTINUING WITH ITS DIALOGUE WITH ALL
CREDITORS
& URGENT ALL CREDITORS TO ASSIST IT IN PROACTIVELY ADVANCING
DISCUSSIONS
    * INTENDS TO PROACTIVELY MANAGE ITS EXPOSURE UNDER ALL OF
ITS
INDEBTEDNESS DESPITE DIFFICULTIES

Further company coverage:  1628.HK 

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