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<CN Home>AGILE GROUP Expects to Submit Preliminary Restructuring Proposal in 3Q
Recommend 7 Positive 9 Negative 8 |
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AGILE GROUP (03383.HK) has formulated action plans to mitigate its liquidity issues and to address the Disclaimer of Opinion. The Group recently said that it has completed the review of its offshore debt profile, categorized the types of offshore indebtedness, and has been actively engaging with creditors of various classes through external legal and financial advisors to advance the restructuring process. The Group currently expected to deliver a preliminary restructuring proposal in 3Q25, and aimed to reach an agreement with a majority of its key offshore creditors by the end of 2025. The Group added that it has been actively negotiating with several financial institutions on the extension of the maturity of borrowings. From 29 April 2025, to today (4 August), the extension of the maturity of borrowings in principal amount of approximately RMB472 million has been agreed. An incentive scheme for receivables recovery was introduced to encourage employees to actively pursue and ensure the timely recovery of proceeds. The Group is in ongoing negotiations to recover outstanding receivables. From 29 April 2025 to today, the Group has recovered approximately RMB764 million. AAStocks Financial News Website: www.aastocks.com |
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