BRIEF-Yuzhou Group Announces Possible Extension Of Longstop Date For Proposed Restructuring

Reuters
17 Jan
BRIEF-Yuzhou Group Announces Possible Extension Of Longstop Date For Proposed Restructuring

Jan 17 (Reuters) - Yuzhou Group Holdings Co Ltd 1628.HK:

  • UPDATE ON OFFSHORE DEBT RESTRUCTURING

  • POSSIBLE EXTENSION OF LONGSTOP DATE FOR PROPOSED RESTRUCTURING

  • AS AT JAN 17, SOME OF RESTRUCTURING CONDITIONS REMAIN OUTSTANDING

  • CONSIDERS NECESSARY TO EXTEND EXISTING LONGSTOP DATE OF 28 FEB

  • NECESSARY TO EXTEND EXISTING LONGSTOP DATE TO ALLOW MORE TIME TO SATISFY OUTSTANDING RESTRUCTURING CONDITIONS

  • WILL DELAY IMPLEMENTATION OF RIGHTS ISSUE UNTIL FURTHER NOTICE

Further company coverage: 1628.HK

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

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