Core Viewpoint - CIFI Holdings Group has announced a restructuring plan involving perpetual securities and convertible bonds, aiming to change the trustee and governing law from UK to Hong Kong law, which has been approved by the necessary majority of bondholders [1][2][3] Group 1: Restructuring Details - The first and second special resolutions regarding the replacement of the trustee and proposed amendments have been formally passed during the consent solicitation meetings held on June 3, 2025 [1][2] - A total of 1,250 bondholders, representing $7.933 billion in voting plan debts, participated in the plan meeting, with 1,236 bondholders voting in favor, accounting for approximately 92.66% of the total voting value [3] Group 2: Financial Implications - The proposed restructuring is expected to reduce the group's offshore debt by approximately $5.27 billion, which represents about 66% of the total voting plan debts [4] - The restructuring aims to alleviate liquidity pressure and provide a sustainable capital structure, creating long-term value for all stakeholders [4] Group 3: Future Steps - The company plans to seek court approval for the restructuring, with a hearing scheduled for June 26, 2025 [4]
旭辉控股集团(00884)已于计划会议上取得所需的法定大多数计划债权人支持