CA CULTURAL Advances Debt Restructuring as Part of Resumption Plan

Stock News
Jun 17

The company is currently executing a comprehensive debt restructuring initiative as a key component of its plan to resume share trading.

This restructuring encompasses a share capital reorganization, an adjustment to the board lot size, a debt restructuring via a scheme of arrangement with creditors, and a subscription agreement alongside a special transaction.

Conditional approval for a whitewash waiver was granted by the Executive on May 22, 2026, with consent also provided for the special transaction to proceed.

All proposed resolutions related to the debt restructuring were duly approved by independent shareholders through a vote at the company's Extraordinary General Meeting held on May 27, 2026.

Despite the ongoing suspension of its shares from trading, the group continues to conduct its business operations as usual.

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