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Road King Infrastructure ( (HK:1098) ) has provided an announcement.
Road King Infrastructure Limited has announced consent solicitations for several series of its guaranteed senior notes due between 2028 and 2030. The company aims to address its liquidity challenges by extending the maturities of these notes and implementing cash sweep mechanisms. Despite these efforts, Road King continues to face financial pressures due to a downturn in China’s real estate market and geopolitical factors affecting its asset sales. The proposed amendments and waivers are intended to provide short-term relief and maximize asset value for stakeholders.
More about Road King Infrastructure
Road King Infrastructure Limited is a company incorporated in Bermuda, primarily engaged in infrastructure development. The company focuses on the development and management of toll roads and real estate projects, with a significant presence in the Hong Kong and China markets.
Average Trading Volume: 188,271
Technical Sentiment Signal: Sell
Current Market Cap: HK$636.9M
For detailed information about 1098 stock, go to TipRanks’ Stock Analysis page.