Core Viewpoint - Baolong Commercial (09909) announced that its controlling shareholder, Baolong Real Estate Holdings Limited, has entered into a restructuring support agreement for its offshore debt restructuring, scheduled for October 10, 2025 [1] Group 1: Restructuring Details - The restructuring costs will be composed of one or more combinations selected by the creditors, including (i) the sale or pledge of Baolong Commercial shares by Baolong Real Estate for a total cash payment of $40 million; and (ii) the transfer of Baolong Commercial shares (up to 32.4% of the total issued shares) to the planned creditors [1] - As of the announcement date, Baolong Real Estate, through its wholly-owned subsidiary, holds 405 million shares of Baolong Commercial, accounting for approximately 63% of the total issued shares [1] Group 2: Impact on Operations - The company expects that the Baolong Real Estate restructuring will not have any adverse impact on the operations of Baolong Commercial and its subsidiaries [1]
宝龙商业(09909)：控股股东可能出售公司股份