Fantasia Wins Creditor Backing to Extend Offshore Debt Restructuring Deadline
MT Newswires Live
Jun 01
Fantasia (HKG:1777) secured creditor approval to extend the longstop date for its offshore debt restructuring to June 30 from May 31, according to a Friday Hong Kong bourse filing.
Scheme creditors holding claims with an aggregate principal amount of about $3.58 billion participated in the vote.
Creditors representing about $3.55 billion of claims, or 99.15% by value of those voting, supported the extension, the filing showed.
Shares of the property developer fell over 3% in Monday morning trade.
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