Siu-Fung Ceramics preliminary restructuring scheme sent to liquidators

Siu-Fung Ceramics Holdings Ltd said the preliminary terms of a scheme of arrangement has been formulated and submitted to its liquidators for consideration. In a statement, the company said an additional month is required to finalise and agree with the liquidators a concrete proposal for the scheme. Siu-Fung shares will remain suspended, it said, adding that the company is now in the third stage of delisting and will be delisted if a valid resumption proposal is not submitted to the authorities on or before Nov 27.

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