Kwg Group (01813) announced that the 5.875 cent priority notes due in November 2024; the 5.95 cent priority notes due in August 2025; the 6.3 cent priority notes due in February 2026; the 6.0 cent priority notes due in August 2026; and the 7.4 cent priority notes due in January 2027 have been suspended from trading on the Stock Exchange of Hong Kong since 9:00 am on May 16, 2023 and will remain suspended until further notice.
Kwg Group (01813) announcement: the 5.875 cent priority notes due in November 2024; the 5.95 cent priority notes due in August 2025; the 6.3 cent priority notes due in February 2026; the 6.0 cent priority notes due in August 2026; and the 7.4 cent priority notes due in January 2027 have been suspended from trading on the Stock Exchange of Hong Kong since 9:00 am on May 16, 2023 and will remain suspended until further notice.
The company has appointed advisors who have reached out to the company's overseas creditors to discuss all feasible solutions for reaching a comprehensive solution to its overseas debt, ensuring fair and equitable treatment for its creditors and stakeholders, and providing a sustainable capital structure. The Group has been actively engaging with its creditors and stakeholders to achieve such comprehensive solutions.