Brief: China Oceanwide Holdings Updates On 6.0% Convertible Notes Due 2023

China Oceanwide Holdings

26/01/2022 14:10

Jan 26 (Reuters) - China Oceanwide Holdings Ltd  0715.HK :
    * UPDATES ON 6.0% CONVERTIBLE NOTES DUE 2023
    * WAS NOT ABLE TO MAKE PAYMENT OF INTERESTS OF NOTES OF
HK$16.9
MILLION PAYABLE BY 27 DEC
    * WAS NOT ABLE TO PAY WITHIN 30 DAYS' GRACE PERIOD FOR
PAYMENT OF
INTERESTS GRANTED UNDER NOTES DUE TO A TEMPORARY CASH FLOW ISSUE
    * HAS BEEN PROACTIVELY COMMUNICATING WITH HOLDERS OF NOTES
TO
REACH A COSENSUS ON PAYMENT EXTENSION
    * PROACTIVELY COMMUNICATING WITH HOLDERS OF NOTES TO REACH
COSENSUS ON OTHER PAYMENT ARRANGEMENTS AS SOON AS POSSIBLE

Further company coverage:  0715.HK 

 ((Reuters.Briefs@thomsonreuters.com;))