Summary by Moomoo AI
China Aoyuan Group Co., Ltd. (“China Aoyuan”) announced on 29 January 2024 that its offshore debt restructuring program had made significant progress on 25 January 2024, and the effective date of the China Olympic and Add Hero programs has been determined. The company said it would continue to work to meet the remaining restructuring conditions and strive to have the restructuring plan formally effective by the deadline. From 31 January 2024, creditors participating in the Scheme may access the relevant Debt Settlement Notice via a designated website and receive additional information. The company will also provide further updates on the restructuring plan. THE COMPANY REMINDS SHAREHOLDERS AND INVESTORS THAT THE SUCCESS OF THE RESTRUCTURING PLAN IS UNCERTAIN. IT ADVISES TO CAREFULLY CONSIDER THE RISKS INVOLVED WHEN TRADING SHARES AND OTHER SECURITIES AND ADVISES TO SEEK PROFESSIONAL ADVICE.