Economic Information Daily News Agency reported on the 5th that Agile (03383) is currently up 5.7%, trading at HK$0.13, with approximately 820,000 shares traded, involving a turnover of HK$110,000.
Agile Group announced significant progress in its offshore debt restructuring, stating it is close to finalizing the list of commercial terms and a restructuring support agreement with the steering committee representing about 61.50% of the outstanding principal amount of the existing syndicated loans. The agreement is expected to be launched within six weeks, subject to the internal approval processes of each member of the steering committee. Currently, no legally binding agreement has been entered into by the parties regarding the restructuring.
The Group stated that the restructuring aims to establish a financially viable, long-term, comprehensive solution for offshore debt, to stabilize the Group and support long-term business recovery. (vs)
Agile Group announced significant progress in its offshore debt restructuring, stating it is close to finalizing the list of commercial terms and a restructuring support agreement with the steering committee representing about 61.50% of the outstanding principal amount of the existing syndicated loans. The agreement is expected to be launched within six weeks, subject to the internal approval processes of each member of the steering committee. Currently, no legally binding agreement has been entered into by the parties regarding the restructuring.
The Group stated that the restructuring aims to establish a financially viable, long-term, comprehensive solution for offshore debt, to stabilize the Group and support long-term business recovery. (vs)
