LVGEM launches consent solicitation to restructure six overdue 2025 notes into single series

PUBT·06/16/2026 10:20:50

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LVGEM launched a consent solicitation on June 16, 2026 to restructure six series of 8% guaranteed commercial paper notes due 2025.
Plan consolidates the notes into one new single series of guaranteed notes, giving holders HKD 950 of new notes per HKD 1,000 principal.
Remaining HKD 50 per HKD 1,000 principal, plus accrued unpaid interest to the consent effective date, to be settled in new LVGEM shares.
New consolidated notes to carry a 7% annual interest rate from the consent effective date to maturity, paid in shares.
Proposal seeks waivers for all existing or potential defaults under the notes; consenting holders offered a 0.1% consent fee on outstanding principal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LVGEM (China) Real Estate Investment Company Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260616-12205045), on June 16, 2026, and is solely responsible for the information contained therein.

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