Group 1 - The core point of the article is that Baolong Real Estate (01238) is actively engaging in constructive dialogue with financial advisors and plan creditors to develop a comprehensive solution for addressing liquidity issues related to planned debts since the previous restructuring plan expired in February 2025 [1] - As of October 10, 2025, the company entered into a restructuring support agreement with members of a special group, representing approximately 31% of the total unpaid principal amount of planned debts as of the date of the agreement [1] - The framework of the overall solution includes various options for plan creditors, which may include cash raised through the pledge or sale of Baolong's commercial shares amounting to $40 million, transfer of commercial shares equivalent to no more than 32.4% of Baolong's outstanding shares, mandatory convertible bonds, new medium-term notes, new long-term notes, and new loans [1] Group 2 - A cash consent fee of 0.15% will be applicable on the eligible participating debt principal amount held by participating creditors as of the consent fee deadline [1]
宝龙地产(01238)与特别小组成员订立重组支持协议