Brief: CST Group Announces Disposal Of 10.5% China Evergrande & 11.5% China Evergrande Notes

CST

11/10/2021 15:47

Oct 11 (Reuters) - CST Group Ltd  0985.HK :
    * CST GROUP ANNOUNCES DISPOSAL OF 10.5% CHINA EVERGRANDE
NOTES AND
11.5% CHINA EVERGRANDE NOTES WITH BOTH OF NOMINAL VALUES OF US$4
MILLION
    * CST-HAVE BEEN MONITORING DISCLOSURES MADE BY CHINA
EVERGRANDE &
ACTION ON PAYMENT OF INTERESTS & PRINCIPALS OF CHINA EVERGRANDE
SENIOR NOTES WHEN DUE
    * CST GROUP LTD -  GROUP SHALL REDUCE ITS RISK EXPOSURE ON
INVESTMENTS IN CHINA EVERGRANDE SENIOR NOTES
    * CST GROUP LTD SEES  LOSS OF US$11 MILLION FOR FY ENDING 31
MARCH
2022 DUE TO AGGREGATED DISPOSALS
    * CST GROUP LTD -  UNIT DISPOSED OF 10.5% CHINA EVERGRANDE
NOTES
FOR US$815,000
    * CST GROUP LTD -  DISPOSAL OF 11.5% CHINA EVERGRANDE NOTES
IN
SECONDARY MARKET FOR US$702,000
    * CST GROUP LTD - CAUTIOUS AND CONCERNED ABOUT RECENT
DEVELOPMENT
OF CHINA EVERGRANDE

Source text for Eikon:  ID: 
Further company coverage:  0985.HK 

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