Brief: Hidili Industry International Development Says Co And Steering Committee Of Noteholders Entered 2020 Termsheet

Hidili Industry International Development

13/07/2020 16:29

July 13 (Reuters) - Hidili Industry International
Development Ltd  1393.HK :
    * CO AND STEERING COMMITTEE OF NOTEHOLDERS ENTERED 2020
TERMSHEET
    * PURSUANT TO TERMSHEET PARTIES AGREED TO KEY COMMERCIAL
TERMS FOR
SWAP OF NOTES INTO CONVERTED SHARES
    * UNDER TERMSHEET, CLAIM AMOUNT ON DEFAULT DATE ABOUT
US$190.7
MILLION
    * UNDER TERMSHEET, CONVERSION PRICE OF HK$0.6310 PER SHARE

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1HXFG0
Further company coverage:  1393.HK 

 ((Reuters.Briefs@thomsonreuters.com;))