Core Viewpoint - The restructuring plan for the $350 million zero-coupon convertible bonds by the company is expected to significantly improve its balance sheet by reducing nearly 40% of its debt principal, thereby boosting market confidence and driving up the stock price [1][2]. Group 1: Restructuring Plan Details - The company has reached an agreement with a group of beneficial holders of the convertible bonds, who collectively hold or control over 56% of the outstanding principal amount [1]. - The plan involves early redemption of all outstanding convertible bonds by paying $610 in cash for every $1,000 of the principal amount [1][2]. - Additionally, a consent fee of $10 for every $1,000 of the principal amount will be paid to bondholders who vote in favor of the special resolution necessary for the early redemption [1]. Group 2: Market Impact and Analyst Insights - Analysts believe that the early redemption will alleviate the company's debt pressure and provide greater flexibility for future development [2]. - The agreement with creditors holding over 56% of the bonds sends a positive signal to the market, helping to stabilize investor expectations [2]. - The stock price has surged over 50% in the past two months, reflecting the market's favorable view of the debt restructuring as a positive development for the company [2].