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CIFI HOLD GP (00884.HK) Has 77.88% Creditors Executing or Acceding to Offshore Debt RSA
CIFI HOLD GP (00884.HK) announced that its offshore debt restructuring has received strong backing. As of 5 p.m. yesterday (27th), creditors holding around 77.88% of the outstandin...
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CIFI HOLD GP (00884.HK) Has 77.88% Creditors Executing or Acceding to Offshore Debt RSA
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CIFI HOLD GP (00884.HK)  0.000 (0.000%)    Short selling $1.80M; Ratio 7.625%   announced that its offshore debt restructuring has received strong backing. As of 5 p.m. yesterday (27th), creditors holding around 77.88% of the outstanding principal amount of the In-Scope Debts have either duly executed or acceded to the restructuring support agreement (RSA). The RSA Accession Milestone Date occurred last Saturday (26th). Upon completion of the proposed restructuring, it will alleviate the group's liquidity pressure and provide a sustainable capital structure.

The company will continue to use its best endeavors to work with its advisers, the AHG, the lenders and their advisors to progress the implementation of the proposed restructuring in accordance with the RSA and the term sheet.

As previously mentioned, the group intends to implement the proposed restructuring through a scheme of arrangement proposed to be effected in Hong Kong, a consent solicitation in respect of the convertible bonds and a consent solicitation in respect of the perpetual securities.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-13 16:25.)

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