Agile Group: Offshore Debt Restructuring Plan Officially Approved, Effective Date Confirmed

On March 16th during the daytime, Fantasia Holdings (01777.HK) announced that the company’s proposed offshore debt restructuring plan has made significant progress.

According to the announcement, both the Hong Kong court and the Cayman court issued approval orders on March 12, 2026, officially approving the company’s Hong Kong plan and Cayman plan. Currently, copies of the stamped approval orders have been submitted to the Registrar of Companies in Hong Kong and the Registrar of Companies in the Cayman Islands for registration. The effective date of the plans has been officially set for March 13, 2026, in accordance with the terms of each plan. The effective date of the restructuring will also occur once the conditions for the restructuring are met or waived.

An internal source at Fantasia stated that the effective date marks the upgrade of the restructuring plan from a “negotiated scheme” to a “legally binding document,” which will have a general binding effect on Fantasia, all creditors, and related parties. On one hand, the two restructuring plans have received legal recognition and protection, making them enforceable against all creditors (including dissenters), effectively preventing individual objections or delays that could increase restructuring costs, and ensuring the legality and fairness of the process. On the other hand, the approval of the plans also provides more reliable protection for creditors’ interests. Through multiple repayment options, the needs and risk preferences of different creditors are fully considered. After the plans take effect, the restructuring plan will become a legally binding document for all creditors. In the next phase, Fantasia will further improve the subsequent procedures to complete the restructuring transaction, including but not limited to shareholder approval of relevant resolutions, regulatory approval, and issuance of new stocks and notes.