Brief: Glory Sun Land Entered Settlement Agreement
26/01/2024 15:26
Jan 26 (Reuters) - Glory Sun Land Group Ltd 0299.HK :
* CO ENTERED SETTLEMENT AGREEMENT WITH YUNNAN INTERNATIONAL,
AMONG
OTHERS
* SETTLEMENT AGREEMENT FOR PARTIAL SETTLEMENT OF OUTSTANDING
CORPORATE BONDS
* ESTIMATED TOTAL AMOUNT OF NOT LESS RMB239.85 MILLION BUT
NOT
MORE THAN RMB250.80 MILLION SHALL BE OFF- SET AGAINST
OUTSTANDING BONDS
* COMPANY WILL RECORD PRELIMINARY NET LOSS ON DISPOSAL OF
HK$1.89
MILLION
Source text for Eikon: ID:nHKSc77l8G
Further company coverage: 0299.HK
((Reuters.Briefs@thomsonreuters.com;))
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