HK Stock Market Move | CIFI HOLD GP(00884) rises 4% as its proposed restructuring plan for a domestic bond worth billions is approved.

CIFI HOLD GP (00884) rose by 4%, rising to 0.26 Hong Kong dollars as of the time of publication, with a trading volume of 2.647 million Hong Kong dollars. On the news front, on September 15th, CIFI HOLD GP announced that the overall restructuring plan for its domestic public market bonds was approved by the bondholders' meeting, involving a total amount of approximately 10.06 billion yuan across 7 bonds. Xuhui announced the domestic bond restructuring framework on May 23 this year, and released an optimized restructuring plan on July 8. It took more than four months from the release of the plan to its approval. The company stated that the next step will be to quickly implement related follow-up work in accordance with the provisions of the bondholders' meeting resolution, and arrange for bondholders to choose and distribute their bonds in the restructuring plan options.