Powerlong Real Estate's (01238) Subsidiary's Bond Restructuring Plan Approved by Relevant Bondholders' Meeting

Stock News
01/26

Powerlong Real Estate Holdings Limited (01238) announced that the restructuring plan for six series of domestic corporate bonds and asset-backed special plans issued by its subsidiary, Shanghai Powerlong Industrial Development (Group) Co., Ltd., has been approved by the relevant bondholders' meetings. The plan will adjust the principal and interest repayment arrangements of the bonds and offers bondholders various restructuring options, including repurchase options, asset-for-debt swaps, equity options, and general credit options. The company's next step is to arrange for bondholders to select and allocate their holdings according to the options provided under the domestic restructuring scheme, in accordance with its relevant terms.

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