China Huajun Proposes Debt Restructuring Plan

China Huajun Group Limited (HK:0377) has released an update.

China Huajun Group Limited has announced its application to the High Court for a meeting to discuss a potential debt restructuring scheme with its creditors, with the hearing scheduled for November 13, 2024. The company also plans to seek an adjournment of an earlier winding-up petition in light of the new scheme, while promising to keep shareholders and investors updated on further developments. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

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