Summary by Futu AI
Differ GP Auto Group Limited (the “Company”) has obtained an order from the High Court to convene a meeting of creditors on August 16, 2024, to consider the proposed debt repayment arrangements with creditors. The approval hearing for the debt arrangements is expected to be held on September 17, 2024. Trading in the shares of the Company on the Stock Exchange of Hong Kong Limited has been suspended since April 2, 2024, until further notice. The debt arrangements may involve the issuance of the Company's shares, which require approval from the Stock Exchange and shareholders. Shareholders and potential investors should act with caution, as the proposed transactions under the restructuring plan may not be achieved and still require approval from shareholders, creditors, regulatory authorities, and the court.