Zhuguang Holdings Group Co., Ltd. (HK:1176) has released an update.
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Zhuguang Holdings Group has entered into a share transfer and option agreement with Rong De Investments and noteholders, affecting their senior notes due in 2025. This deal involves the transfer of shares as settlement for outstanding interest on senior notes, with specific performance obligations outlined for Rong De. Investors should be aware of potential implications for Zhuguang’s financial structure and any possible defaults on these conditions.
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