Fri 10/29/2021 07:55 AM
China Fortune Land Development started negotiations with its onshore creditors this week on restructuring its RMB 219.2 million debts as it approached creditors who have signed a non-disclosure agreement for one-on-one talks to brief them details of its draft restructuring plan, said two market sources briefed on the matter.
Largely based on the preliminary restructuring terms
announced in September, CFLD’s draft restructuring plan will see unsecured creditors receiving 30% to 40% upfront...
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