Baolong Real Estate (01238) issued an announcement regarding the reorganization support agreementmerrymegawaysRegarding matters related to the announcement of the company, the company is pleased to announce that as the deadline for agreeing fees (i.e., 5:00 pm on April 26, 2024 (China Hong Kong time)), plan creditors holding more than 88% of the total outstanding principal amount of the debt within the scope have signed a restructuring support agreement.
The company hereby announces that a hearing will be held on the plan. At that time, it will seek an order from the High Court (Court) of the Hong Kong Special Administrative Region of the People's Republic of China to convene a plan meeting so that plan creditors can review and approve, as appropriate, the plan (whether or not revised); the court hearing is scheduled to be held at 10:00 a.m. on July 18, 2024 (China Hong Kong time).