Xuhui Holding Group (00884) rose more than 6% in early trading. As of press release, it rose 4.84% to HK$0.325, with a turnover of HK$8.139 million.
The Zhitong Finance App learned that Xuhui Holding Group (00884) rose more than 6% in early trading. As of press release, it had risen 4.84% to HK$0.325, with a turnover of HK$8.139 million.
According to the news, Xuhui Holdings issued an updated announcement on the progress of overseas debt restructuring. As of the deadline of the general restructuring support agreement fee (that is, November 27, 2024), creditors holding a total of about 87.36% of the total outstanding principal amount of applicable debts (which are beneficially held as owners) have formally signed or joined the restructuring support agreement.
Xuhui Holdings said that the company will continue to make every effort to cooperate with its advisors and all stakeholders to advance the implementation of the proposed restructuring in accordance with the restructuring support agreement and terms. The company is making every effort to adopt an agreement arrangement plan to be implemented in Hong Kong and to seek consent to implement the proposed restructuring quickly and effectively.