Momentum Financial Holdings Ltd. announced a proposed debt restructuring plan involving the issuance of convertible bonds under a specific mandate. The plan includes a special deal related to the repayment of a shareholder's loan and requires a whitewash waiver. Approval from independent shareholders is necessary for the restructuring to proceed. The company, incorporated in Bermuda and listed on the Hong Kong Stock Exchange, is seeking consent for the special deal under the Takeovers Code.
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