BRIEF-Country Garden Decides To Implement Extraordinary Resolutions In Respect Of Existing HKD Convertible Bonds

Reuters
Nov 06
BRIEF-<a href="https://laohu8.com/S/CTRYF">Country Garden</a> Decides To Implement Extraordinary Resolutions In Respect Of Existing HKD Convertible Bonds

Nov 6 (Reuters) - Country Garden Holdings Co Ltd 2007.HK:

  • DECIDED TO IMPLEMENT EXTRAORDINARY RESOLUTIONS IN RESPECT OF EXISTING HKD CONVERTIBLE BONDS

  • WILL SEEK SANCTION OF SCHEME BY COURT AT HEARING PRESENTLY LISTED TO TAKE PLACE AT 10 : 00 A.M. HONG KONG TIME ON 4 DECEMBER

  • OBTAINED SUPPORT FROM REQUISITE STATUTORY MAJORITIES OF SCHEME CREDITORS TO APPROVE SCHEME AT SCHEME MEETING (CLASS 2)

  • THERE IS NO ASSURANCE THAT PROPOSED RESTRUCTURING WILL BE SUCCESSFULLY IMPLEMENTED AT ALL OR BEFORE END OF 2025

  • OBTAINED SUPPORT FROM REQUISITE STATUTORY MAJORITIES OF SCHEME CREDITORS TO APPROVE SCHEME AT SCHEME MEETING (CLASS 1)

  • SCHEME CREDITORS (CLASS 1) HOLDING VOTING SCHEME CLAIMS IN AGGREGATE AMOUNT OF US$3.43 BLNVOTED IN FAVOUR OF SCHEME

  • WILL SEEK SANCTION OF SCHEME BY COURT AT HEARING PRESENTLY LISTED TO TAKE PLACE ON 4 DECEMBER 2025

Further company coverage: 2007.HK

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

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