Yuzhou Group Holdings Co., Ltd. (HK:1628) has released an update.
Yuzhou Group Holdings Co., Ltd. has successfully garnered approval from the requisite majority of Scheme Creditors for both its Hong Kong and Cayman Islands debt restructuring schemes. The endorsed proposals received overwhelming support, with nearly 99.28% and 100% of the voting Scheme Claims in favor, from Class A and Class B creditors, respectively. The restructuring plans are now pending final approval from courts in Hong Kong and the Cayman Islands.
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