Tue 03/05/2024 22:19 PM
Reorg Asia Highlights:
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China South City Holdings Ltd.’s, or CSC, December 2023 consent solicitation is being challenged by an Ad Hoc Group, or AHG, of its USD noteholders;
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The dispute centers around whether CSC can, as it has done, accept the consents of its July 2024 notes while waiving the condition that it receive valid consents to effect the proposed amendments with respect to other four tranches of USD notes subject to the consent solicitation;
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The commercial impact...
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