Brief: Agile Group Says Has Not Made Interest Payment On 2020 Notes As At May 14

Agile group

14/05/2024 02:44

May 14 (Reuters) - Agile Group Holdings Ltd  3383.HK :
    * REAL ESTATE INDUSTRY IN CHINA CONTINUES TO EXPERIENCE A
DOWNWARD
TREND
    * JAN-APRIL AGGREGATED PRE- SALE VALUE OF GROUP RMB6.55
BILLION
    * HAS NOT MADE PAYMENT IN RELATION TO INTEREST ON 2020 NOTES
AS AT
MAY 14
    * EXPECTS IT WILL NOT BE ABLE TO FULFIL ALL PAYMENT
OBLIGATIONS
UNDER ITS OFFSHORE DEBTS
    * NON-PAYMENT OF RELEVANT INTEREST MAY LEAD TO CREDITORS OF
COMPANY DEMANDING ACCELERATION OF DEBT REPAYMENT
    * HAS NOT RECEIVED ANY ACCELERATION NOTICE FROM RELEVANT
CREDITORS
REGARDING 2020 NOTES
    * CONSIDERING ALL POSSIBLE ACTIONS INCLUDING BUT NOT LIMITED
TO
FORMULATION OF HOLISTIC LIABILITY MANAGEMENT SOLUTIONS

Further company coverage:  3383.HK 

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