Brief: Phoenix Healthcare Group says termination of syndicated loan

China Resources Medical Holdings

22/01/2016 14:59

Jan 22 (Reuters) - Phoenix Healthcare Group Co Ltd  1515.HK : 
 * Inside information - termination of syndicated loan  1515.HK  
 * Termination will incur an one-off non-recurring cost of approximately RMB30 million 
 * Says "company had a friendly negotiation with facility agents led by Deutsche Bank on January 22, 2016" 
 * Was agreed that facility granted to co pursuant to usd based syndicated loan agreement dated February 4, 2015 shall be terminated 
 * One-off non-recurring cost will cause relatively significant negative effect on net profits of group for the year ended December 31, 2015 
 * Facility has never been drawn down" 
 * Source text for Eikon  ID:nHKS8T5xmS  
 
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