Hope Education Group Co., Ltd. (HK:1765) has released an update.
XJ International Holdings Co., Ltd. is actively working with Deloitte and creditors to restructure its offshore liabilities, aiming to address liquidity issues without cutting the debt owed to bondholders. The company has proposed initial cash repayment funded by a fundraising exercise and a commitment to repay the remaining balance by asset disposal or future refinancing. Negotiations are ongoing, with the final terms subject to approval by authorities, creditors, and shareholders.
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