Agile Group offshore debt restructuring to issue 9.199 billion new shares, about 64.6% of share capital

Mainland property developer Agile Group (3383) announced major progress in its offshore debt restructuring, involving financial debts with a total principal of about US$5.183 billion (about HK$40.43 billion). The restructuring consideration is the issuance of new company shares or new exchangeable bonds, totalling 9.199 billion new shares, accounting for about 64.6% of the company's share capital upon completion.