宝龙地产与特别小组成员订立重组支持协议
POWERLONG signed a restructuring support agreement with special committee members, involving holders of approximately 31% of the planned debt's unpaid principal. The overall solution includes options such as cash financing, share transfers, convertible bonds, new medium-term notes, new long-term notes, and new loans
According to the announcement from POWERLONG (01238), since the previous restructuring plan expired in February 2025, the company has continued to actively engage in constructive dialogue with its financial advisors and plan creditors to develop a comprehensive solution to address the liquidity issues of the planned debts.
On October 10, 2025, the company entered into a restructuring support agreement with members of the special committee, who hold approximately 31% of the total unpaid principal of the planned debts as of the date of the restructuring support agreement.
The key points of the overall solution framework are as follows:
(a) The plan consideration will consist of one or more different options chosen by the plan creditors and may be adjusted (further details are contained in the terms of the restructuring support agreement), including:
(i) Cash (raising a total of $40 million through the pledge or sale of POWERLONG commercial shares);
(ii) Transfer of POWERLONG commercial shares to plan creditors (equivalent to no more than 32.4% of the outstanding shares of POWERLONG commercial);
(iii) Mandatory convertible bonds of convertible cost company shares;
(iv) New medium-term notes;
(v) New long-term notes;
(vi) New loans; and
(b) Cash consent fee, amounting to 0.15% of the total principal of eligible participating debts held by participating creditors as of the consent fee deadline
