Skyfame Realty, Potential Investor to Exclusively Negotiate on Proposed Restructuring
Skyfame Realty (HKG:0059) entered into an exclusivity agreement with investor Lion Wealth Management and the firm's joint and several provisional liquidators on April 10, according to a Monday Hong Kong bourse filing.Under the legally binding contract, the firm and the investor will negotiate on a proposed restructuring of the company over a six-month exclusivity period and strive to enter a formal agreement.The proposed restructuring will enable the resumption of the trading of Skyfame Realty's shares on the Hong Kong bourse.The move comes as part of an effort by the joint and several provisional liquidators to explore restructuring opportunities since their appointment on Aug. 15, 2022, as well as following a winding-up order against the firm on Nov. 14, 2025.Trading in the firm's debts and shares on the Hong Kong Stock Exchange, which was suspended June 28, 2022, and April 1, 2025, respectively, remains suspended.
