Times China Holdings Limited has announced the sanction of its proposed scheme for restructuring offshore debts by the High Court, marking a significant step forward in its financial restructuring process. The scheme's effectiveness is contingent upon meeting specific conditions, including creditor approval and registration of the sanction order with the Registrar of Companies. The company emphasizes that completion of these transactions is subject to the fulfillment or waiver of the conditions precedent detailed in the Explanatory Statement. Stakeholders and potential investors are advised to exercise caution in dealing with the company's securities during this period.
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