Ruyan Group (HKG:0329) announced that since the announcement dated November 25, it has continued to be in discussion with those potential investors as mentioned in the announcement dated November 25. The company has also been in discussion with a number of other new potential investors to facilitate further potential restructuring of the convertible notes and the exchangeable bonds. Such discussion is ongoing but still at a very preliminary stage and no proposal has been put forward to the board of directors, the company says.
Last month, Ruyan Group announced that it received a written notification from the potential investor that the potential investor decided not to submit a revised proposal to the holders for the possible settlement of the convertible notes and the exchangeable bonds.
The company also said that it is in discussion with a number of other potential investors to facilitate a further restructuring of the convertible notes and the exchangeable bonds. Such discussion was at a very preliminary stage and no proposal had been put forward to the board of directors.
