China Evergrande Group - Scheme - Offshore Debt Restructuring - Update
Updated: Mar 7
Update on Offshore Debt Restructuring
24 SEPTEMBER 2023
Full announcement(s) including disclosures and disclaimers, available via Source: SGX Group and SGX Group(2)
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Update on Offshore Debt Restructuring
22 SEPTEMBER 2023
Full announcement(s) including disclosures and disclaimers, available via Source: SGX Group and SGX Group(2)
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Update on Scheme Sanction Hearings
09 SEPTEMBER 2023
Full announcement(s) including disclosures and disclaimers, available via Source: SGX Group and SGX Group(2)
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Notice of Scheme Meetings
28 AUGUST 2023
Full announcement(s) including disclosures and disclaimers, available via Source: SGX Group and SGX Group(2)
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Notice of Scheme Meetings
31 JULY 2023
Full announcement(s) including disclosures and disclaimers, available via Source: SGX Group and SGX Group(2)
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UPDATE ON OFFSHORE DEBTS RESTRUCTURING
26 JULY 2023
Full announcement(s) including disclosures and disclaimers, available via Source: SGX Group and SGX Group(2)
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UPDATE ON OFFSHORE DEBTS RESTRUCTURING
17 JULY 2023
Full announcement(s) including disclosures and disclaimers, available via Source: SGX Group and SGX Group(2)
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PROGRESS OF OFFSHORE DEBTS RESTRUCTURING
27 APRIL 2023
Full announcement(s) including disclosures and disclaimers, available via SGX
"INSIDE INFORMATION
PROGRESS OF OFFSHORE DEBTS RESTRUCTURING
This announcement is made by China Evergrande Group (the ‘‘Company’’) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Reference is made to the announcement (the ‘‘Announcement’’) of the Company dated 3 April 2023 in relation to the RSAs entered into by, among others, the Company and members of the AHG. Unless otherwise defined, capitalized terms used in this announcement have the same meanings defined in the Announcement.
The board of directors of the Company (the ‘‘Board’’) would like to announce that, as at the date of this announcement, (i) holders holding more than 77% of the outstanding principal amount of the Class A debts have submitted letters to accede to the Class A RSA; (ii) creditors holding more than 30% of the outstanding principal amount of the Class C debts have submitted letters to accede to the Class C RSA; (iii) holders holding more than 91% of the outstanding principal amount of the Existing SJ Notes have submitted letters to accede to the SJ RSA; and (iv) creditors holding more than 64% of the outstanding principal amount of the TJ Existing Debt Instruments have submitted letters to accede to the TJ RSA.
The Company hereby also announces that, as certain creditors require additional time to complete their internal processes of acceding to the relevant RSAs, at their request and suggestion, the Consent Fee Deadline with respect to the Class A RSA, Class C RSA and TJ RSA has been extended from 5:00 p.m. Hong Kong time on 27 April 2023 to 5:00 p.m. Hong Kong time on 18 May 2023 (the "Extended Consent Fee Deadline’’)."
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PROPOSED RESTRUCTURING OF OFFSHORE DEBTS
03 APRIL 2023
Full announcement(s) including disclosures and disclaimers, available via HKEX
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XS1627599498
7.5% SENIOR NOTES DUE 2023
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8.75% SENIOR NOTES DUE 2025
XS1580431143
8.25% SENIOR NOTES DUE 2022
XS2106834372
12.00% SENIOR NOTES DUE 2024
XS1982040641
10.5% SENIOR NOTES DUE 2024
XS1587867539
9.5% SENIOR NOTES DUE 2024
XS1767800961
4.25% SECURED AND GUARANTEED CONVERTIBLE BONDS DUE 2023
XS1903671854
13.00% SENIOR NOTES DUE 2022
XS1903671938
13.75% SENIOR NOTES DUE 2023
XS2109191986
11.5% SENIOR NOTES DUE 2022
XS2109192109
12.00% SENIOR NOTES DUE 2023
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