Brief: Shinsun Holdings Refers To $200 Million 12% Senior Notes Due 2023

Shinsun Holdings Co

21/03/2022 15:25

March 21 (Reuters) - Shinsun Holdings Group Co Ltd
 2599.HK :
    * REFERS TO $200 MILLION 12% SENIOR NOTES DUE 2023
    * DID NOT MAKE INTEREST PAYMENT BEFORE EXPIRY OF GRACE
PERIOD
UNDER 2023 NOTES
    * TRADING OF 2023 NOTES OF CO ON STOCK EXCHANGE OF HONG KONG
HAS
BEEN SUSPENDED WEF 22 MARCH
    * AS AT 21 MARCH, NON-PAYMENT HAS NOT TRIGGERED ANY
CROSS-DEFAULT
UNDER TERMS OF OUTSTANDING $200 MILLION 10.5% SENIOR NOTES DUE
2022
    * HAS NOT RECEIVED ANY NOTICE FROM TRUSTEE OR HOLDERS OF AT
LEAST
25% OF 2023 NOTES AS A RESULT OF NON-PAYMENT

Further company coverage:  2599.HK 

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