China Yuhua Education Corp. Ltd. (HK:6169) has released an update.
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China Yuhua Education Corp. Ltd. has reached a standstill agreement with bondholders to settle its HK$2.088 billion convertible bonds due in December 2024. The company plans to implement proposed transactions by March 2025, ensuring the support of a majority of bondholders. Trading of the company’s shares remains suspended as they work towards these financial resolutions.
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