ROAD KING INFRA (01098.HK): Extends Fee Deadline under General RSA to August 21, Expects Over 75% of Noteholders to Support Restructuring
NewTimeSpace News: Road King Infrastructure Limited (stock code: 01098) issued an inside information announcement on August 7, stating that the Company's communications with its remaining creditors (other than those who have already acceded to the restructuring support agreement) have made progress and active negotiations continue. Based on such ongoing negotiations and with the support of such creditors, the Company expects that holders of more than 75% of the aggregate principal amount of the existing notes and existing perpetual securities will accede to the restructuring support agreement and vote in favor of the restructuring.
According to the announcement, as such creditors require additional time to consider the terms of the restructuring support agreement and complete the internal procedures required to accede to it, the Company has exercised its discretion to extend the fee deadline under the general restructuring support agreement to 5:00 p.m. (Hong Kong time) on Friday, August 21, 2026.
In the meantime, the Company continues to work closely with its advisers and stakeholders to advance other necessary workstreams to ensure the efficient completion of the restructuring by the end of the year in accordance with the original timetable. The Company also encourages existing debt holders who have not yet acceded to the restructuring support agreement to review its terms and accede as soon as possible through the deal website, in order to facilitate the smooth implementation process for the benefit of all creditors. The Company will make further announcements in due course in accordance with the Listing Rules, the Securities and Futures Ordinance and/or other applicable laws, rules and regulations to keep shareholders and other investors informed of any material progress of the restructuring, and reminded security holders and investors to exercise caution when dealing in the Company's securities.
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