KWG Group (01813) Domestic Debt Restructuring Plan Approved by Relevant Creditors

Stock News

Sep 29

KWG Group (01813) announced that the restructuring plans for two domestic corporate bonds issued by the company and one domestic corporate bond issued by its wholly-owned subsidiary Guangzhou KWG Holding Group Co., Ltd. have all been approved by the relevant bondholders' meetings. The principal and interest payment arrangements for the three bonds will be adjusted, with various options provided including discounted cash buybacks, asset-for-debt arrangements, full conversion to general claims, and full debt retention.

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