Times Property offshore debt restructuring scheme approved

Times Property Holdings (HKEX: 1233) announced that its proposed offshore debt restructuring scheme has been approved by the requisite majorities of scheme creditors. The scheme meeting, held on July 8, 2025, saw 561 scheme creditors holding voting scheme claims in the aggregate amount of USD3,224,670,565.57 attending and voting. A significant majority of 547 creditors, representing 97.5% of the total number of scheme creditors and holding USD2,904,906,559.95, or 90.08% of the total value of voting scheme claims, voted in favor of the scheme. The company intends to seek approval and sanction from the High Court, with the petition hearing scheduled for July 30, 2025. The company advised investors to exercise caution when dealing in the company's securities.