BRIEF-China South City Updates On Proposed Terms Of Holistic Restructuring

Reuters

Jan 29

Jan 29 (Reuters) - China South City Holdings Ltd 1668.HK:

UPDATE ON PROPOSED TERMS OF HOLISTIC RESTRUCTURING
EXISTING NOTES PRINCIPAL AMOUNT REDUCED BY 40%
REDUCED PRINCIPAL AMOUNT UP TO 11 AUG 2025 WOULD BE SETTLED THROUGH ISSUANCE OF NEWLY ISSUED ORDINARY SHARES AT HK$0.75 PER SHARE
IF RESTRUCTURING SCHEME IS SANCTIONED BY HK COURT, LIQUIDATORS MAY MAKE APPLICATION FOR STAY OF WINDING-UP ORDER

Further company coverage: 1668.HK

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

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