The armoured hero will repurchase preferred shares and issue bonds.
Kai Xia Holdings stated that as part of the capital restructuring plan, they will repurchase the first and second series of preferred shares held by the Japan Development Bank. They will issue up to 3 billion US dollars in bonds to provide funds for the repurchase. They also plan to refinance existing term loans through new borrowing. It is expected that the restructuring will lower capital costs and improve cash flow generation capabilities.
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