Guangdong Adway Construction Faces Delays in Debt Restructuring, Temporarily Halts Share Issuance

Reuters

Jun 30, 2025

Guangdong Adway Construction Faces Delays in Debt Restructuring, Temporarily Halts Share Issuance

Guangdong Adway Construction Group Holdings Co. Ltd. has announced the temporary termination of its proposed issuance of new domestic shares and the proposed placing of new H shares. This decision comes as the company's debt restructuring process is taking longer than anticipated, with the bankruptcy restructuring application still underway. The approval of the debt restructuring by the Shenzhen Court or creditors is a prerequisite for these share activities. Consequently, after discussions with relevant investors and the placing agent, the company has decided to halt these initiatives temporarily. The company has assured shareholders and potential investors that it will continue to seek equity fundraising opportunities when appropriate and will keep them informed of any significant developments in the ongoing restructuring efforts. Shareholders and potential investors are advised to exercise caution when trading the company's securities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Guangdong Adway Construction Group Holdings Co. Ltd. published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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