Brief: Dreameast Says Receivers Appointed Over Shares Of Co Held By Controlling Shareholder

DreamEast

30/11/2021 15:14

Nov 30 (Reuters) - DreamEast Group Ltd  0593.HK :
    * DREAMEAST GROUP LTD -  RECEIVERS APPOINTED OVER SHARES OF
CO
HELD BY CONTROLLING SHAREHOLDER
    * DREAMEAST- DID NOT REPAY OUTSTANDING PRINCIPAL AMOUNT WITH
ACCRUED INTEREST OF REMAINING 2015 BONDS & REMAINING 2016 BONDS
ON RELEVANT MATURITY DATES
    * DREAMEAST - SUCH NON-REPAYMENTS CONSTITUTE EVENTS OF
DEFAULT
UNDER TERMS AND CONDITIONS OF REMAINING 2015 BONDS AND REMAINING
2016 BONDS
    * DREAMEAST-ACTIVELY LIAISING WITH SUBSCRIBER ON POSSIBILITY
OF
POSTPONING MATURITY DATES & OBTAINING ITS WAIVERS IN RESPECT OF
EVENTS OF DEFAULT
    * DREAMEAST GROUP LTD -  APPLICATION MADE FOR RESUMPTION OF
TRADING IN SHARES FROM 1 DEC

Source text for Eikon:  ID:nHKS8WwMRf 
Further company coverage:  0593.HK 

 (Reuters.briefs@thomsonreuters.com)