Longguang Group discloses new restructuring plan: shareholders will raise additional cash and Longguang Group's stock resources to increase sources of debt repayment.

On June 3rd, Longfor Holdings Limited of Shenzhen City issued a statement, providing detailed information on the overall arrangement of its public market debt. Under the new restructuring plan, the original 29 assets will be used for specific asset options, asset offset options using physical assets as collateral, trust offset options, and full retention options, in order to maximize the activation of the assets and ensure the repayment of public market debt. At the same time, the company's shareholders have raised additional cash resources and Longfor Group Limited's stock resources for the new restructuring plan, further increasing sources of repayment for holders.