BRIEF-CIFI Holdings Updates On Offshore Debt Restructuring

Reuters03-18

March 18 (Reuters) - CIFI Holdings (Group) Co Ltd 0884.HK:

UPDATE ON OFFSHORE DEBT RESTRUCTURING
CONSIDERING FURTHER AMENDMENTS TO TERMS OF PROPOSED RESTRUCTURING
COMPANY IS WORKING DILIGENTLY TO PROGRESS COURT PROCEDURE TO IMPLEMENT SCHEME
SCHEME IS SCHEDULED TO BE HEARD BEFORE HIGH COURT OF HONG KONG SPECIAL ADMINISTRATIVE REGION ON 23 APRIL
INTENDS COMPLETION OF PROPOSED RESTRUCTURING WILL REDUCE LIQUIDITY PRESSURE
AMENDMENTS TO RSA TO INCLUDE CERTAIN GRACE PERIODS FOR PAYMENT OF INTEREST, AMONG OTHERS

Further company coverage: 0884.HK

((Reuters.Briefs@thomsonreuters.com;))

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