Times China Holdings Limited has announced progress in its proposed restructuring of offshore debts. The High Court of the Hong Kong Special Administrative Region has directed that a meeting of Scheme Creditors be convened to consider and potentially approve a scheme of arrangement with the Company. Additionally, a substantive hearing is scheduled for July 30, 2025, where the High Court will decide whether to sanction the Scheme. Investors and security holders are advised to exercise caution when dealing with the Company's securities during this period.
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