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CIFI HOLD GP Restructures USD8.1B in Outstanding Debt, Expected to Reduce USD1.4B
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CIFI HOLD GP (00884.HK) has announced details of its debt restructuring plan involving a total of around USD8.1 billion in outstanding loans, financing, and note principal amounts along with accrued but unpaid interest. According to the plan, CIFI HOLD GP will cancel existing debts, release the debt obligations of current debtors, issue new instruments worth around USD6.725 billion, and provide cash payments of about USD9.4955 million to scheme creditors, with an aim to improve the company's capital structure. CIFI HOLD GP estimated the restructuring plan to reduce its offshore debt obligations by around USD1.4 billion. AAStocks Financial News |
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