Fantasia Holdings (1777) Announces Offshore Debt Restructuring Progress and Scheme Meeting Results

Bulletin Express

Feb 22

Fantasia Holdings (1777) released an update regarding its proposed offshore indebtedness restructuring. According to the announcement, 1,412 scheme creditors participated in the recent scheme meeting, representing claims totaling US$6.10 billion. Of these, 1,397 creditors holding US$6.08 billion in claims voted in favor of the restructuring proposals, amounting to a 99.67% approval by total value.

Following this approval, Fantasia Holdings (1777) intends to seek sanction and approval from both the Hong Kong Court and the Cayman Court. The Hong Kong Scheme Sanction Hearing is scheduled for 12 March 2026 at 10:00 a.m. (Hong Kong time), and the Cayman Scheme Sanction Hearing will be held on the same day at 10:30 p.m. (Hong Kong time).

The company reiterates that the implementation of the proposed restructuring remains subject to factors beyond its control and advises investors to exercise caution. Further updates will be provided as developments arise.

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According to the announcement, 1,412 scheme creditors participated in the recent scheme meeting, representing claims totaling US$6.10 billion. Of these, 1,397 creditors holding US$6.08 billion in claims voted in favor of the restructuring proposals, amounting to a 99.67% approval by total value.</p>\n<p>Following this approval, Fantasia Holdings (1777) intends to seek sanction and approval from both the Hong Kong Court and the Cayman Court. The Hong Kong Scheme Sanction Hearing is scheduled for 12 March 2026 at 10:00 a.m. (Hong Kong time), and the Cayman Scheme Sanction Hearing will be held on the same day at 10:30 p.m. (Hong Kong time).</p>\n<p>The company reiterates that the implementation of the proposed restructuring remains subject to factors beyond its control and advises investors to exercise caution. 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According to the announcement, 1,412 scheme creditors participated in the recent scheme meeting, representing claims totaling US$6.10 billion. Of these, 1,397 creditors holding US$6.08 billion in claims voted in favor of the restructuring proposals, amounting to a 99.67% approval by total value.</p>\n<p>Following this approval, Fantasia Holdings (1777) intends to seek sanction and approval from both the Hong Kong Court and the Cayman Court. The Hong Kong Scheme Sanction Hearing is scheduled for 12 March 2026 at 10:00 a.m. (Hong Kong time), and the Cayman Scheme Sanction Hearing will be held on the same day at 10:30 p.m. (Hong Kong time).</p>\n<p>The company reiterates that the implementation of the proposed restructuring remains subject to factors beyond its control and advises investors to exercise caution. Further updates will be provided as developments arise.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01777","symbol_name":"花样年控股","start_time":0,"source_url":"","article_id":"1167015723","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167015723","pubTimestamp":1771755786,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Fantasia Holdings (1777) released an update regarding its proposed offshore indebtedness restructuring. 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