Group 1 - The core viewpoint of the article is that Hailong Holdings (01623) has made progress in its offshore debt restructuring proposal concerning existing notes [1] - The company has initiated a consent solicitation with holders of existing notes, specifically the 9.75% senior secured notes maturing in 2024 [1] - The aim of the consent solicitation is to amend certain terms of the existing notes' indenture, which was originally established on May 18, 2021, with the Bank of New York Mellon London Branch as the trustee [1]