CFCG Advances Debt Restructuring and Seeks New Investment Amid Financial Uncertainty

Reuters10-31

CFCG Advances Debt Restructuring and Seeks New Investment Amid Financial Uncertainty

China First Capital Group Ltd. has announced recent measures to address the disclaimer of opinion on going concern issued by its auditor for the year ended 31 December 2024. The company is currently negotiating a preliminary debt restructuring plan with holders of its convertible bonds and has organized meetings involving potential investors and bondholders, including on-site project inspections. Additionally, the group has been in active discussions with creditors for the renewal or deferral of loan repayments, with borrowings in its automotive part business successfully renewed or refinanced upon maturity. A consultant is also engaged to seek potential buyers for certain non-controlling interests held by the group. Shareholders and investors are advised to exercise caution when dealing in the company's securities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CFCG - China First Capital Group Ltd. published the original content used to generate this news brief on October 31, 2025, and is solely responsible for the information contained therein.

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