BRIEF-KWG Group Holdings Says Still In Negotiations With AHG On Proposal

Reuters
07 Mar
BRIEF-KWG Group Holdings Says Still In Negotiations With AHG On Proposal

March 7 (Reuters) - KWG Group Holdings Ltd 1813.HK:

  • STILL IN NEGOTIATIONS WITH AHG ON PROPOSAL AND THERE ARE CERTAIN ASPECTS OF PROPOSAL THAT ARE STILL BEING DISCUSSED

  • TO FACILITATE FORMULATION OF RESTRUCTURING PROPOSAL ON OFFSHORE INDEBTEDNESS WITH AGGREGATE PRINCIPAL OF US$4.5 BILLION

  • ENGAGING AD HOC GROUP OF CERTAIN HOLDERS OF US$-DENOMINATED OFFSHORE SENIOR NOTES HOLDING 24% IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES

Further company coverage: 1813.HK

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

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