CIFI Holdings (Group) Co (DE:6CI) has released an update.
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CIFI Holdings (Group) Co. Ltd. has announced significant headway in restructuring its offshore debts by entering into a restructuring support agreement (RSA) with creditor support. The company has secured backing from the Ad Hoc Group (AHG), representing a substantial portion of the debt, and urges other creditors to join the RSA. The restructuring will potentially involve schemes of arrangement and consent solicitations for various securities to streamline the company’s financial obligations.
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