Summary by Moomoo AI
Pacific Group Holdings Limited (the “Pacific Group”) issued a notice on 8 February 2024 stating that its overseas dollar securities will be de-licensed on the Hong Kong United Exchange Limited (the “Exchange”) with effect from 15 September 2023 and will continue to be suspended until further notice. The delisting measure is in line with the Group's overall debt restructuring plan, which aims to provide the Group with a solution that respects the rights of all stakeholders and ensures a sustainable capital structure. The Ocean Group is working closely with financial and legal advisors to assess its financial and operational situation and discuss with creditors and other stakeholders to facilitate the development of an offshore debt restructuring plan. The announcement emphasizes that the implementation of any overall solution will be affected by a number of factors beyond our control and reminds investors to consider the risks involved and act with caution when buying and selling the Company's securities.