China's Beidahuang (00039) rose 4% at the end of the session. As of press release, it rose 4% to HK$0.078, with a turnover of HK$3.9075 million.
The Zhitong Finance app learned that China's Beidahuang (00039) rose 4% at the end of the session. As of press release, it rose 4% to HK$0.078, with a turnover of HK$3.9075 million.
According to the news, China's Beidahuang announced that the creditor plan has been approved by most of the required plan creditors. The company will seek approval and approval from the High Court for the creditors' plan. An approval hearing to approve the creditors' plan is scheduled to be held on November 29, 2023. The company will publish separate announcements on the results of the proposed restructuring and approval hearings in due course.
Earlier, the company stated that in view of the current liquidity restrictions and financial challenges faced by the company, including the petition, the company has been working closely with its professional advisors and is doing its best to explore possible options for restructuring the company's debt.