Group 1 - The core viewpoint of the news is that the restructuring plan for the $271 million zero-coupon convertible bonds of Xijiao International Holdings has been overwhelmingly approved, with 95.94% of eligible bondholders consenting to the special resolution [1] - The restructuring plan aims to reduce debt principal by 39% through a 61% discount, thereby improving the company's balance sheet [1] - The company has actively engaged with creditors and repurchased approximately $78.9 million of bonds to reduce the outstanding balance to $271 million [1] Group 2 - The revised documents for the restructuring will be signed around July 30 and will be implemented on the "effective date of restructuring" once conditions are met [2] - The debt restructuring process demonstrates the company's proactive approach in seeking solutions during challenging times, providing valuable insights for other companies in the industry [2]
希教国际控股(01765)2.71亿美元可转债重组获95.94%高票通过 方案正式生效