Brief: China Nt Pharma Group Company Makes Announcement On Restructuring Of Suzhou First Pharma

China NT Pharma Co

25/07/2023 16:01

July 25 (Reuters) - China NT Pharma Group Company Ltd
 1011.HK :
    * INSIDE INFORMATION ANNOUNCEMENT RESTRUCTURING OF SUZHOU
FIRST
PHARMA
    * COURT RENDERED ITS DECISION TO APPROVE RESTRUCTURING PLAN
AND TO
TERMINATE RESTRUCTURING PROCEEDING
    * CREDITORS AT FIRST CREDITORS' MEETING CONVENED ON 16 JUNE
HAVE
APPROVED A PLAN FOR RESTRUCTURING
    * IN RESTRUCTURING PLAN, INVESTOR SOLICITED BY ADMINISTRATOR
WILL
PROVIDE RMB355 MILLION TO SUZHOU FIRST PHARMA
    * INVESTOR WILL CONTINUE TO DEVELOP EXISTING PRODUCTS OF
SUZHOU
FIRST PHARMA, RESUME PRODUCTION, AMONG OTHERS
    * UPON IMPLEMENTATION OF RESTRUCTURING PLAN, SUZHOU FIRST
PHARMA
WILL CEASE TO BE SUBSIDIARY OF COMPANY
    * FUNDS TO BE PROVIDED BY INVESTOR UNDER RESTRUCTURING PLAN
WILL
BE UTILIZED TO SETTLE  EXISTING DEBTS


Further company coverage:  1011.HK 

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