Brief: Dafa Properties Says On 26 Feb, Winding-Up Petition Filed Against Co

DaFa Properties

27/02/2024 10:24

Feb 27 (Reuters) - DaFa Properties Group Ltd  6111.HK :
    * ON 26 FEBRUARY A WINDING-UP PETITION FILED AGAINST CO
    * SEPARATE WINDING-UP PETITION FILED AGAINST YINYI HOLDINGS
(HONG
KONG)
    * PETITION FOR OUTSTANDING 12.375% SENIOR NOTES DUE 2022 IN
AMOUNT
OF $360 MILLION
    * WILL SEEK LEGAL ADVICE & TAKE ALL NECESSARY ACTIONS TO
PROTECT
LEGAL RIGHTS
    * IN VIEW OF PETITION, CO WILL CONSIDER TO APPLY TO HIGH
COURT FOR
RELEVANT VALIDATION ORDER AFTER CONSULTING LEGAL ADVICE
    * WILL OPPOSE PETITION
    * TRADING IN SHARES WILL REMAIN SUSPENDED

Source text for Eikon:  ID:n11077058-1 
Further company coverage:  6111.HK