Hong Kong Court Directs Times China to Hold Scheme Meeting for Offshore Debt Restructuring

MT Newswires Live

05/28

Times China (HKG:1233) has been ordered by the Hong Kong High Court to hold a meeting of scheme creditors to approve a scheme of arrangement to restructure the firm's offshore debts, a Tuesday filing with the Hong Kong bourse said.

The court will decide at a substantive hearing of the petition on July 30 whether to sanction the scheme.

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