Brief: Summit Ascent Says Overdue Interest Receivable From Convertible Bonds

Summit Ascent Holdings

16/01/2023 12:17

Jan 16 (Reuters) - Summit Ascent  0102.HK :
    * OVERDUE INTEREST RECEIVABLE FROM CONVERTIBLE BONDS
    * SUNTRUST FAILED TO PAY COUPON INTEREST FOR SECOND YEAR DUE
ON 30
DECEMBER 2022 AFTER LAPSE OF A 15-DAY GRACE PERIOD
    * REFERS TO SUBSCRIPTION OF 2020 CONVERTIBLE BONDS IN
AGGREGATE
PRINCIPAL AMOUNT OF 5.6 BILLION PESOS
    * COUPON INTEREST AMOUNTED TO 336 MILLION PESOS AS AT DUE
DATE
    * IF PROVISION IS MADE FOR OVERDUE INTEREST, THIS WILL HAVE
MATERIAL ADVERSE EFFECT ON PROFIT FOR YEAR 2022

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