Restructuring

The Insolvency Team at Gall continues to advise Century Sunshine Holdings Group Limited (Stock Code: 509)  (the “Company”) on its debt restructuring and has successfully secured sanction of a Hong Kong scheme of arrangement (the “Hong Kong Scheme”) (as part of parallel schemes of arrangement in Hong Kong and Singapore). In August 2023, the Honourable Mr Justice Harris sanctioned the Hong Kong Scheme between the Company and 5 of its subsidiaries in the British Virgin Islands and Hong Kong on one hand and their Scheme Creditors on the other: Re Century Sunshine Group Holdings Ltd and Others [2023] HKCFI 2041.