CA Cultural Technology Group Delays Circular Amid Ongoing Restructuring and Debt Deal
CA Cultural Technology Group Ltd. has announced a delay in the dispatch of a circular concerning several key restructuring initiatives, including capital reorganisation, debt restructuring, the issue of new shares and convertible bonds, and a special deal related to a deed of settlement. The company also highlighted the continued suspension of trading in its shares. Completion of the proposed restructuring is subject to several conditions, such as obtaining a whitewash waiver from the SFC and securing Stock Exchange approval for the listing of new shares. The company cautioned shareholders and potential investors to exercise care in dealing with its shares, noting there is no certainty the restructuring will proceed.
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