Shenzhen Zhonghao to make debt-restructure deals with 16 creditors

Shenzhen Zhonghao (Group) Ltd said it has signed debt-restructure agreements with 16 creditors, whose loans to the company amount to a combined 280.46 mln yuan. These creditors' loans account for 36 pct of the loans that need to be restructured by Zhonghao, the company said in an announcement. A further nine creditors, with loans to the company amounting to 262.7 mln yuan, or 34 pct of the loans that need restructuring, have also undertaken to sign debt-restructuring agreements.

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