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Longfor Group: Major progress in overseas restructuring, related project companies have obtained HKD 8.2 billion refinancing for the Kaiyue project.
On September 30th, Jinshi Data learned that Longfor Group (03380.HK) announced on the Hong Kong Stock Exchange that its overseas restructuring has made significant progress. Holders of existing notes with unpaid principal totaling more than 92% have signed a creditor support protocol. On August 15, 2024, Kei Wan (Hong Kong) Investment Co., Ltd., a project company in which the company holds a 50% equity, has successfully obtained HKD 8.2 billion in refinancing for the Kaiyue Project. The Kaiyue Project is an important overseas asset of the company and is crucial for the overseas restructuring.
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