BRIEF-China South City Updates on Restructuring

Reuters
Yesterday
BRIEF-China South City Updates on Restructuring

Feb 10 (Reuters) - China South City Holdings Ltd 1668.HK:

  • LIQUIDATORS ENGAGING IN ONGOING DISCUSSIONS WITH AHG, AS WELL AS OTHER CREDITORS WHO HAVE REACHED OUT TO LIQUIDATORS

  • LIQUIDATORS INFORMED THAT PRELIMINARY TERMS COMMERCIALLY UNACCEPTABLE TO AD HOC GROUP OF HOLDERS OF OVER 43.5% EXISTING NOTES

  • MATERIAL RISK LIQUIDATORS MAY NEED TO CONSIDER TAKING OTHER RECOVERY ACTIONS FOR GROUP'S ASSETS ON A BREAK-UP BASIS, OTHERS

Further company coverage: 1668.HK

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

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