Brief: Century Sunshine Group Says Exploring Options To Restructure Debts
03/07/2020 16:11
July 3 (Reuters) - Century Sunshine Group Holdings Ltd
0509.HK :
* EXPLORING OPTIONS TO RESTRUCTURE DEBTS & WINDING UP
PETITION HAS
BEEN SUBMITTED TO SUPREME COURT OF CAYMAN ISLANDS
* PROPOSED ISSUE OF CONVERTIBLE BONDS WILL NOT BE ABLE TO
RAISE
SUFFICIENT FUNDS TO PREVENT PAYMENT & OTHER DEFAULTS
* CENTURY SUNSHINE GROUP SAYS SUBSCRIPTION FOR CONVERTIBLE
BONDS
WILL NOT PROCEED
* ALSO MADE APPLICATION TO APPOINT JOINT PROVISIONAL
LIQUIDATORS
ON A "LIGHT TOUCH" BASIS AT CAYMAN ISLANDS COURT
Source text for Eikon: urn:newsml:reuters.com:*:nHKS2GxCR7
Further company coverage: 0509.HK
(Reuters.Briefs@thomsonreuters.com)
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