Default In Payment By Convertible Bond Issuer

Kai Yuan Holdings

24/11/2023 15:06

Nov 24 (Reuters) - Kai Yuan Holdings Ltd  1215.HK :
    * DEFAULT IN PAYMENT BY CONVERTIBLE BOND ISSUER
    * REFERS TO SUBSCRIPTION OF CONVERTIBLE BONDS, BEING 3-YEAR
CONVERTIBLE BONDS IN AGGREGATE PRINCIPAL AMOUNT OF HK$97.8
MILLION
    * ON 17 NOV, UNIT DEMANDED ZHONGHUA GAS IN WRITING FOR
REPAYMENT
OF PRINCIPAL AMOUNT TOGETHER WITH DEFAULT INTEREST ACCRUED
THEREON
    * ON 24 NOV, ZHONGHUA GAS REQUESTED UNIT TO GRANT A 3 WEEKS'
GRACE
PERIOD

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