Wai Chun Group Holdings Limited (HK:1013) has released an update.
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Wai Chun Group Holdings Limited has announced a significant restructuring plan, including a reduction in the par value of its shares and a subdivision of its authorized share capital. The company also plans to amend the terms of its existing convertible bonds by reducing the interest rate to 0% and extending the maturity date to December 2027. These moves are aimed at optimizing the company’s financial structure and addressing accumulated losses.
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