Summary by Moomoo AI
Sino Oil & Gas Holdings Limited announced that the deadline for its restructuring transaction has been extended to December 31, 2024. This decision takes into account the schedule for the company's liquidation application and the creditors' plan for the appeal hearing. The company issued a statement on August 30, 2024, through Chairman Dai Xiaobing, and the board of directors collectively assumed responsibility for the accuracy of the information. The extension is due to the fact that Crescent Spring's signing documents require authorization from different levels within CITIC Group, and its authorization process cannot be initiated in advance. It is expected that the extension letter will be signed within September 2024, at which time the restructuring documents will retain their binding force and enforceability. The announcement stated that, in addition to the extension, the other terms and conditions of the restructuring documents will remain in effect.
