Times China Holdings Limited announced that it continues to make progress on its restructuring efforts. The company recently obtained shareholder approval for the issue of Consideration Shares and Mandatory Convertible Bonds (MCBs). The High Court has sanctioned the restructuring scheme, which became effective on July 30, 2025, following the fulfillment of all required conditions. Additionally, the longstop dates for both the restructuring scheme and the related Restructuring Support Agreement have been extended to December 31, 2025. The company stated that it remains committed to implementing its action plans to resolve uncertainties regarding its going concern status and will provide further updates as appropriate.
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