The Hong Kong Court on Friday (February 16) withdraw from China Longguang Group for medium -sized housing companies.
Longguang Group announced on Friday at the Hong Kong Stock Exchange. The Cayman Islands Grand Court and the Hong Kong Higher Court have issued the Campman Clear Clear and Hong Kong Listing on February 15th and 16th local time.
Citicorp International Limited, the trustee of some US dollar bonds in Longguang Group, proposed to clearly set off the two subsidiaries Jinhong (Hong Kong) Investment Co., Ltd. and Runming (Hong Kong) Investment Co., Ltd., a subsidiary of Longguang Group in 2022.Sign.Earlier, the liquidation was extended many times.
After the Hong Kong Court revoked Longguang Group's liquidation, the stock price of Longguang Group rebounded sharply.As of 1 pm on Friday, Longguang's stock price rose 12.50%.
Longguang Group announced on January 12 that the company and several existing US dollar priority bill holders (AHG) and their consultants reached an agreement on the terms of the reorganization of the bill and signed with AHG AHGThe creditor supporting agreement with such clauses has made major key progress in overseas debt management.
According to Bloomberg, the total overseas debt of Longguang Group reached US $ 8 billion (about S $ 10.7 billion).Longguang Group has been supported by creditors before January this year, and its debt restructuring road has basically no obstacles.However, in mid -January of this year, the bank creditors and bond holders had different differences. The former said that Longguang Group failed to provide the required information. They could replace the bond holder and become the new clearing person.
