HIDILI INDUSTRY INTERNATIONAL DEVELOPMENT LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Hidili Industry International Development Limited恒鼎實業國際發展有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 01393) ONSHORE DEBT RESTRUCTUREThis Announcement is made by Hidili Industry International Development Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
On 26 April 2016, the Company held a meeting with all the onshore lending banks (the "Lending Banks") in Shenzhen. Following initial discussion with the Lending Banks, a creditors committee of the onshore Lending Banks (the "Onshore Creditors Committee") has been agreed to set up. During the meeting, the Lending Banks has assessed the debt position of the Company and determined certain debt restructuring measures.
On 3 May 2016, the Company held a second meeting with the Onshore Creditors Committee in Chengdu for the preliminary discussion of possible restructure plans of all the Company's onshore debts.
The Company will issue further announcement(s) to keep its shareholders and creditors posted for any further significant development when appropriate.
By Order of the Board
Hidili Industry International Development Limited Xian YangChairman
Hong Kong 4 May 2016
As at the date of this announcement, the executive directors of the Company are Mr. Xian Yang (Chairman), Mr. Sun Jiankun, Ms. Cheng Yuanyun and Mr. Zhuang Xianwei and the independent non-executive directors of the Company are Mr. Huang Rongsheng, Mr. Sung Wing Sum and Ms. Xu Manzhen.
Hidili Industry International Development Limited published this content on 04 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 May 2016 09:27:10 UTC.
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