2.公司已与公司的现有及新债权人进行磋商并达成谅解，包括但不限于解除涉及公司的若干法律诉讼，并减少公司的应付款项金额，以减轻公司的流动资金压力。Ca Cultural Technology (01566) announced that the company hereby provides the following latest information on the proposed major restructuring progress to shareholders...
Zhongtong Finance and Economics APP news, Ca Cultural Technology (01566) announced that the company hereby provides the following latest information on the proposed major restructuring progress to shareholders:
1. The High Court of Hong Kong, China, issued an order approving the creditors' plan on March 19, 2024, without any modification. When all preconditions of the creditor plan (including completion of the subscription matter) are met, the creditor plan will take effect.
2. The company has consulted and reached a consensus with existing and new creditors of the company, including but not limited to resolving several legal disputes related to the company and reducing the amount of the company's payable, in order to alleviate the company's pressure on working capital.
3. The circular was originally scheduled to be sent to shareholders by August 15, 2024. However, as of the date of this joint announcement, the expected mailing date of the circular will be further postponed due to the company's continued implementation of the content of the circular based on regulatory authorities' opinions.
4. The company is also preparing to apply for cleaning exemption, special transactions, and reply to the views of the company on the approval of the subscription matter in accordance with Rule 7.27B of the Listing Rules.
5. The company has published its annual report for the financial year ended March 31, 2024 on the website of the Stock Exchange on July 29, 2024.
Apart from the above, there are no other significant progress on the proposed major restructuring. The company will make further announcements on the relevant situations and progress, including the issuance of circular, in accordance with the Takeover Code as appropriate.
