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CHINA VANKE Reportedly Speeding Up Debt Restructuring Plan
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CHINA VANKE (02202.HK) is speeding up its restructuring process at the request of relevant authorities and is preparing to submit a restructuring proposal as soon as possible, Bloomberg reported, citing sources. According to the report, the restructuring plan means CHINA VANKE is seeking agreement from all creditors for debt impairment or payment deferral. It is expected that the plan will require China's approval before being submitted for creditor consent. AAStocks Financial News |
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