Freight forwarder AWT Holdings has completed its debt restructuring and renaming to reflect its new business strategy. Yesterday shareholders approved the last issue of new shares to repay debts under its equity-for-debt plan and the firm's name change to 401.com. 'Our financial trouble is already history,' chairman Michael Chan Sing-fai said pointing out the company held about HK$100 million cash in hand and had less than HK$30 million in borrowings. Due to the restructuring the company was largely held by a number of creditors and had no shareholder with 10 per cent or more, said Mr Chan who holds a 7.96 per cent stake. Managing director David Leung Tze-hang said Internet-related business would eventually generate 50 per cent of revenue. 'We expect a 50-50 breakdown between the old business [freight forwarding] and the new one,' Mr Leung said.