Ascott Holdings Group's billion-dollar corporate bond restructuring: "HPR Ascott 1" plan approved after 12 postponements.

The document shows that Guangdong Runping Law Firm issued the legal opinion on the first creditors' meeting of "HPR Xuhui 1" 2025. The opinion shows that the restructuring plan of the bond "HPR Xuhui 1" under Xuhui Holdings Group's company has been approved, with holders of approximately 9.77 billion RMB worth of shares casting affirmative votes. "HPR Xuhui 1" was originally named "20 Xuhui 01", with a total issuance amount of 21.20 billion RMB and a remaining balance of 18.8892 billion RMB; the interest rate for this interest payment period is 4.00%. It is reported that the creditors' meeting was postponed 12 times, from June 27 to August 18, lasting for nearly two months. The legal opinion shows that the attendance at this creditors' meeting accounted for 50.40% of the total amount of voting bonds that remained unpaid.