An offshore creditor group has issued a statutory demand for repayment to ROAD KING INFRA or may take further legal action

It is reported that a group of creditors holding ROAD KING INFRA's offshore debt has issued a statutory demand for repayment to ROAD KING INFRA. According to the process, if ROAD KING INFRA fails to repay the relevant debt after receiving the demand for repayment, creditors may take further legal action, including declaring a default and issuing written notices. The next step for the group could be to apply to the court for a liquidation process against ROAD KING INFRA. In June of this year, ROAD KING INFRA, which was facing a liquidity crisis, attempted to solicit consent for five series of dollar-denominated senior notes with a principal amount exceeding $1.4 billion to avoid default. ROAD KING INFRA plans to modify the bond terms to adjust the payment form of approximately $77.985974 million in note interest to physical payment, meaning that it will no longer pay cash interest but will instead pay interest in the form of issuing new bonds