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China SCE Group Holdings ( (HK:1966) ) has issued an update.
China SCE Group Holdings Limited has made significant progress in its offshore debt restructuring efforts by signing a restructuring support agreement (RSA) with key stakeholders, representing a substantial portion of its outstanding debt. This agreement marks a critical step towards stabilizing the company’s financial structure and ensuring liquidity, inviting remaining creditors to support the proposed restructuring plan, which aims to address existing notes and loans through a scheme of arrangement in applicable jurisdictions.
More about China SCE Group Holdings
China SCE Group Holdings Limited, incorporated in the Cayman Islands, operates in the real estate industry. The company focuses on property development, property investment, and property management services, primarily in China.
Average Trading Volume: 1,060,544
Technical Sentiment Signal: Sell
Current Market Cap: HK$460.3M
Learn more about 1966 stock on TipRanks’ Stock Analysis page.