Times China advances offshore debt restructuring plan

Times China Holdings Limited has announced a significant step forward in its offshore debt restructuring efforts, as the High Court of Hong Kong has directed the company to convene a Scheme Meeting for its creditors. This meeting will allow creditors to consider and potentially approve a scheme of arrangement between them and Times China. The High Court has also scheduled a hearing for July 30, 2025, to determine whether to sanction the scheme. The debt restructuring includes debt stock codes 40296, 40389 and 40528. Further details regarding the Scheme Meeting, including the date, time, and location, will be provided to the Scheme Creditors in due course. Investors and security holders are advised to exercise caution when dealing in the company's securities.