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Debt Financing / Related, Divestitures / Spin-offs, Restructuring / Reorganization

Harbin Pharmaceutical Clarifies Media Reports Related To GNC's Restructuring

Published: 09/18/2020 01:29 GMT
(GNCIQ) - Says the U.S. Bankruptcy Court Has Approved Gnc Holdings to Sell Its Assets for $770 Million to Co's Controlling Shareholder, Clarifying Media Reports.
Says It is Not Yet Able to Estimate the Impact on Co As Final Judgment of the Court Has Not Been Announced.
Says There is Uncertainty in Whether the Gnc Holdings' Restructuring Deal Can Be Completed.