DHC Capital appointed as independent financial advisor to the informal steering committee of Noteholders in the Century Sunshine Group (HKEX: 509) restructuring
DHC Capital has been appointed as independent financial advisor to the informal steering committee of Noteholders in the restructuring of S$101.75 million 7% Notes due July 2020 issued by Century Sunshine Group Holdings Ltd (In provisional liquidation) (For restructuring purposes only) (HKEX: 509) (“CSG”).
On 14 July 2020, an order was granted by the Grand Court of the Cayman Islands for the appointment of “light touch” joint provisional liquidators of CSG for restructuring purposes.
In a “light touch” provisional liquidation, the Board of Directors retain management of CSG while the joint provisional liquidators work alongside CSG’s management to monitor, supervise and oversee the implementation of a group wide restructuring.
Read on for CSG’s announcement on the appointment of DHC Capital.
About Century Sunshine Group Holdings Ltd
Century Sunshine Group Holdings Ltd (HKEX: 509) is listed on the Hong Kong Stock Exchange and is involved in 2 main business segments: magnesium products and fertilisers focusing on the Chinese market.
The magnesium business is operated by Rare Earth Magnesium Technology Group Holdings Ltd (HKEX: 601), a separate Hong Kong Stock Exchange listed company.