BRIEF-Country Garden Updates On Offshore Debt Restructuring

Reuters
Oct 13
BRIEF-<a href="https://laohu8.com/S/CTRYF">Country Garden</a> Updates On Offshore Debt Restructuring

Oct 13 (Reuters) - Country Garden Holdings Co Ltd 2007.HK:

  • UPDATE ON THE OFFSHORE DEBT RESTRUCTURING NOTICE OF SCHEME MEETINGS AND CONSENT SOLICITATION

  • COMPANY WILL IMPLEMENT PROPOSED RESTRUCTURING THROUGH EXISTING HKD CONVERTIBLE BONDS CONSENT SOLICITATION

  • COMPANY HAS HAD CONSTRUCTIVE DISCUSSIONS WITH CONCRETE WIN LIMITED

  • CONCRETE WIN HAS FURTHER EXECUTED AN IRREVOCABLE UNDERTAKING IN FAVOUR OF COMPANY

  • ISSUE PRICE OF HK$0.60 PER CAPITALISATION SHARE

  • CONCRETE WIN HAS IRREVOCABLY UNDERTAKEN TO SUBSCRIBE FOR ORDINARY SHARES IN COMPANY

  • INTENDS TO SETTLE BALANCE OF APPROXIMATELY US$1.14 BILLION OF SHAREHOLDER LOANS

  • SCHEME MEETING (CLASS 1) WILL BE CONVENED ON 5 NOVEMBER 2025

  • SCHEME MEETING (CLASS 2) WILL BE CONVENED ON 5 NOVEMBER 2025

Further company coverage: 2007.HK

((Reuters.Briefs@thomsonreuters.com;))

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