China Creative holds informal creditor meeting about restructuring

By William Gullotti

Buffalo, N.Y., Nov. 22 – China Creative Global Holdings Ltd. held an informal creditor meeting regarding the necessity of debt restructuring, according to an announcement.

On Nov. 18, the company held a meeting with some major bondholders to explain the company’s recent situation and the need for debt restructuring, including advising the bondholders about the proposed outline of the arrangement.

Trading in company shares has been suspended since Sept. 1, 2020.

Formerly China Creative Home Group Ltd., the Quanzhou, China-based company makes electric fireplaces and other home decor products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.