Core Viewpoint - The company has been actively discussing with stakeholders to improve its financial situation and secure funding for operational needs since China Technology Import and Export Group Co., Ltd. became the controlling shareholder in September 2023 [1] Debt Restructuring - The company has reached an agreement with several lenders regarding the restructuring of approximately HKD 20.77 billion in offshore debt [1] - A restructuring master agreement has been established with the lenders, which includes several key conditions [1] - Lenders agree to suspend enforcement actions related to existing breaches of loan agreements after certain preconditions are met [1] - The restructuring will become effective after further preconditions are satisfied, including the signing of revised loan agreement documents and necessary regulatory approvals [1] - Upon the effective date of the restructuring, the loan agreements will be amended to extend the maturity date of the remaining offshore debt by 5.5 years from September 2, 2025, reduce applicable interest rates, and waive certain existing breaches [1]
伟能集团(01608.HK)与贷款人就20.77亿港元境外债务寻求重组达成协议