General Announcement::PROPOSED DEBT RESTRUCTURING

Issuer & Securities

Issuer/ Manager
HIDILI INDUSTRY INTERNATIONAL DEVELOPMENT LIMITED
Securities
HIDILI US$400M8.625%N151104A - US42952UAA16 - 4NGB
HIDILI US$400M8.625%N151104R - USG44403AB26 - 4NHB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Nov-2022 14:41:54
Status
New
Announcement Sub Title
PROPOSED DEBT RESTRUCTURING
Announcement Reference
SG221124OTHRKCC8
Submitted By (Co./ Ind. Name)
ALICE CHU
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
PROPOSED DEBT RESTRCTURING INVOLVING:
(1) THE SCHEME;
(2) ISSUE OF PREFERRED SHARES TO CERTAIN PRC LENDING BANKS;
(3) SETTLEMENT AGREEMENTS WITH ONSHORE OPERATING CREDITORS;
(4) SPECIFIC MANDATE TO ISSUE NEW SHARES;
(5) SPECIFIC MANDATE TO ISSUE PREFERRED SHARES; AND
(6) PROPOSED AMENDMENTS TO MEMORANDUM OF ASSOCIATION AND ARTICLES OF ASSOCIATION

Attachments

ann_1123_eng.pdf
ann_1123_chi.pdf
Total size =575K