Yuzhou Group Holdings Co., Ltd. (HK:1628) has released an update.
Yuzhou Group Holdings is undergoing a significant restructuring of its offshore debts, which includes issuing 5.645 billion new shares under a specific mandate to scheme creditors. This move accounts for a substantial portion of the company’s equity as part of a broader plan that also proposes share consolidation and changes in board lot size. These strategic shifts aim to stabilize the company’s financial position and enhance its market resilience.
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