Zhenro Properties Group Ltd. has announced a new restructuring plan to address its offshore and onshore debt issues following the lapse of a previous restructuring support agreement. The plan, still in its preliminary stages, may include converting debt into new shares, extending debt repayment maturity dates, and partial or full debt write-offs by creditors. The restructuring process remains subject to creditor agreement and may require approvals from the relevant authorities, court, and shareholders. Shareholders and investors are advised to exercise caution and seek professional advice when dealing with the company's securities. The company will provide quarterly updates on the plan's progress.
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