Fu Hui says debt-restructuring plan might lead changes in controlling shareholdi

Fu Hui (0639) said the company is in talks with investors and banks on placing new shares and debt-restructuring terms. Creditor banks have intended to accept debt-restructuring proposal rendered by an investor in principle. The proposal might lead changes in controlling shareholding. Relevant investors will apply for exemption on washing out, that is exemption on wholly-around acquisition according to acquisition and merge regulations. But at present no agreement is reached for debt restructuring.

Related stock : (639)