Feb 23 (Reuters) - KWG Group Holdings Ltd 1813.HK:
REACHED AN AGREEMENT IN PRINCIPLE WITH AHG ON KEY TERMS OF A HOLISTIC RESTRUCTURING PROPOSAL
INTENDS TO IMPLEMENT RESTRUCTURING THROUGH A SCHEME OF ARRANGEMENT IN HONG KONG
RESTRUCTURING PROPOSAL ADDRESSES COMPANY'S OFFSHORE INDEBTEDNESS UNDER US$3.95 BILLION SENIOR NOTES, OTHERS
ALC NOTES MAXIMUM IN PRINCIPAL AMOUNT OF US$400.2 MILLION WILL BE ISSUED BY SPECIAL PURPOSE VEHICLE OWNED BY CO
CHAIRMAN AND/OR HIS FAMILY MEMBER$(S)$ WILL PROVIDE NEW MONEY INJECTION UP TO US$10 MILLION
Further company coverage: 1813.HK
((Reuters.Briefs@thomsonreuters.com;))