RSUN PPT (01996.HK): scheme convening hearing for offshore debt restructuring set for 5 February 2027
NewTimeSpace News: RSUN PPT (01996.HK) announced that on 28 October 2026, the Company submitted an originating summons to the High Court of the Hong Kong Special Administrative Region, and the convening hearing for the scheme (being the scheme of arrangement under the proposed restructuring) is scheduled for 10:00 a.m. (Hong Kong time) on 5 February 2027 at the Court. At the hearing, the Company will seek an order to convene a meeting of the scheme creditors to consider and, if thought fit, approve (with or without modification) the scheme.
According to the announcement, the proposed restructuring is expected to be implemented principally by way of a scheme of arrangement in Hong Kong and recognition proceedings in other applicable jurisdictions so as to obtain cross-border recognition and relief, subject to the terms of the restructuring support agreement. The Company has published a number of announcements in relation to the proposed restructuring, the latest dated 9 October 2026. It has appointed Kroll Issuer Services Limited as information agent to answer enquiries concerning the proposed restructuring; scheme creditors seeking further information may also contact the Company's financial adviser on the restructuring directly.
The Company said that the proposed restructuring is subject to acceptance by scheme creditors and to compliance with applicable laws and regulations and the Listing Rules, and may or may not proceed in its current form; shareholders and other investors should exercise caution when dealing in the Company's securities and should seek professional advice from their own professional or financial advisers if in doubt. The Company will publish further announcements in due course to inform shareholders and other investors of any material developments. The announcement was made pursuant to Rules 13.09 and 37.47B of the Listing Rules and the inside information provisions under Part XIVA of the Securities and Futures Ordinance.
