BRIEF-KWG Group Holdings Says Still In Negotiations With AHG On Proposal

Reuters

03/07

March 7 (Reuters) - KWG Group Holdings Ltd 1813.HK:

STILL IN NEGOTIATIONS WITH AHG ON PROPOSAL AND THERE ARE CERTAIN ASPECTS OF PROPOSAL THAT ARE STILL BEING DISCUSSED
TO FACILITATE FORMULATION OF RESTRUCTURING PROPOSAL ON OFFSHORE INDEBTEDNESS WITH AGGREGATE PRINCIPAL OF US$4.5 BILLION
ENGAGING AD HOC GROUP OF CERTAIN HOLDERS OF US$-DENOMINATED OFFSHORE SENIOR NOTES HOLDING 24% IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES

Further company coverage: 1813.HK

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

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