Brief: China NT Pharma Group Announces Restructuring Of Suzhou First Pharma

China NT Pharma Co

02/05/2023 07:19

May 2 (Reuters) - China NT Pharma Group Company Ltd
 1011.HK :
    * RESTRUCTURING OF SUZHOU FIRST PHARMA
    * PEOPLE'S COURT OF SUZHOU INDUSTRIAL PARK ACCEPTED
RESTRUCTURING
CASE OF SUZHOU FIRST PHARMA TO BE ADMINISTERED BY ADMINISTRATOR
    * RESTRUCTURING TO BE ADMINISTERED BY AN ADMINISTRATOR
APPOINTED
BY COURT
    * CO HAS BEEN IN ACTIVE DISCUSSIONS WITH CREDITOR, INCLUDING
RESTRUCTURING AS ONE OF WAYS TO SETTLE LAWSUITS
    * CREDITORS OF SUZHOU FIRST PHARMA SHOULD REPORT RESPECTIVE
CREDITOR'S RIGHT TO ADMINISTRATOR NO LATER THAN 7 JUNE
    * DEBTORS OF SUZHOU FIRST PHARMA, PERSONS IN POSSESSION OF
ASSETS
OF SUZHOU FIRST PHARMA TO SETTLE OUTSTANDING DEBT, RETURN
RELEVANT ASSETS
    * IT IS EXPECTED THAT ADMINISTRATOR WILL SOLICIT INVESTORS
FOR
SALE OF SUZHOU FIRST PHARMA
    * BASED ON INFORMATION CURRENTLY AVAILABLE , CERTAIN
POTENTIAL
PURCHASERS HAVE EXPRESSED INTEREST IN SUZHOU FIRST PHARMA


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