Summary by Moomoo AI
China Aoyuan Group Co., Ltd. (“China Aoyuan”) has recently announced that its offshore debt restructuring plan has received court approval in several jurisdictions, an important step forward in the Group's debt restructuring. The restructuring plan was approved by the Cayman Islands Court on 7 and 11 December 2023 and registered with the Cayman Islands Companies Registry on 12 December. Likewise, the BVI is scheduled to be granted court approval on December 8, 2023 and registered on December 18. In addition, the China Ocean Garden Hong Kong Scheme and the Add Hero Hong Kong Scheme were also approved by the Hong Kong Court on 11 January 2024. The Company stated that these approvals are important milestones in the overall restructuring of its significant debt, which will help protect stakeholder...Show More