UPDATE 1: China South City Says Revised CS Terms Final, USD Notes Extension Vital for Onshore Banks to Lend; AHG Letter to Co. States Will Vote Against Revised Terms Causing CS to Fail, Will Enforce Rights Under Keepwells Against Shenzhen CDG if Demands Ignored

UPDATE 1: 8:41 a.m. ET 12/11/2023: Editor’s Note: The following story was originally published in the evening on Dec. 11, and has been reissued during regular business hours to reach a wider audience.

China South City’s management told investors on a call this afternoon, Dec. 11, that the revised consent solicitation terms announced earlier today are final, and a failure to pass the plan will see the company defaulting on its offshore notes, which in turn will lead to Chinese banks...