Longguang Group: has agreed with the group of creditors to make several revisions to the overall CSA.
On the morning of September 10th, Longfor Group announced on the Hong Kong Stock Exchange that the company has reached an agreement with a group of creditors on several revisions to the overall Company Voluntary Arrangement (CSA) that the company believes will be beneficial to the company's overseas creditors and other stakeholders as a whole. According to the terms of the overall CSA, the company has entered into a revision agreement with the group of creditors with a date of September 10, 2025, so that all the aforementioned revisions will take effect from the date of signing the revision agreement. Longfor Group stated that after the revised overall restructuring plan takes effect, the company's overseas restructuring debt burden defined in the revised terms will be completely resolved, enabling the establishment of a long-term stable capital structure and a significant increase in the company's net asset total and net asset value per share. Additionally, the implementation of the revised overall restructuring plan will further promote the normal operation of the company's internal production and operations, ensuring the interests of all stakeholders in the company.
Latest