Brief: Soho China FY Loss Attributable RMB131.1 Mln, Says Negotiating New Financing

SOHO China

24/03/2022 09:33

March 24 (Reuters) - Soho China Ltd  0410.HK :
    * ACTIVELY NEGOTIATING WITH CERTAIN MAJOR LENDERS FOR NEW
FINANCING OR REFINANCING
    * FY REVENUE RMB1.74 BILLION VERSUS RMB2.19 BILLION
    * PROPOSES TO USE UNPLEDGED INVESTMENT PROPERTIES AS
COLLATERAL
FOR BORROWINGS
    * WILL CONTINUE TO MONITOR AND FULFIL COVENANTS OF EXISTING
LOAN
AGREEMENTS
    * FY LOSS ATTRIBUTABLE RMB131.1 MILLION VERSUS PROFIT OF
RMB529.6
MILLION
    * WILL HAVE SUFFICIENT WORKING CAPITAL TO FINANCE
OPERATIONS, MEET
FINANCIAL DUE WITHIN 12 MONTHS FROM DEC 31, 2021

Source text for Eikon:  ID:nHKSbCQj3Y 
Further company coverage:  0410.HK 

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