Sunshine 100 China was listed on the Hong Kong Stock Exchange on October 3announcement, all outstanding principal amounts and any accrued but unpaid interest on the 12.0% senior notes due 2023 issued by the company and listed on the Singapore Exchange Securities Trading Limited will become due on October 3. However, due to liquidity problems caused by multiple factors such as the macroeconomic environment and the real estate industry, the company was unable to repay the principal and accrued but unpaid interest on the notes. Therefore, an event of default has occurred.Yu BenannouncementAs of the Date, the aggregate principal amount outstanding on the Notes was US$120 million and the aggregate accrued and unpaid interest on the Notes was US$38.4 million. The company has been actively communicating with holders of these notes to reach a repayment extension or other repayment arrangements with these holders as soon as possible.
(Source of article: Financial Associated Press)
Source of article: Financial Associated Press
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2023-10-03 09:38:27
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