Longguang Group today paid a "consent fee" of 0.2% of the principal amount to domestic creditors.

According to Jin10 data on July 29, Longguang Group (03380.HK) will pay a "consent fee" of 0.2% of the principal to domestic creditors today. According to Longguang Group's notification to domestic creditors, the recipients of this payout are limited to bondholders whose securities accounts (referred to as "consent accounts") have submitted valid votes in this round of domestic debt restructuring and have voted "yes" on both proposals. Regarding the repayment rules, the recipients are limited to the consent accounts registered as of the close of the registration date and the corresponding number of consents. In terms of the payout ratio, the repayment will be made at 0.2% of the number of relevant bonds held by each consent account, and the corresponding number of bonds will be simultaneously canceled.