Brief: Sunshine 100 China Says Payment Of Principal And Premium On 2021 Bonds Has Not Been Made

Sunshine 100 China Holdings

11/08/2021 14:36

Aug 11 (Reuters) - Sunshine 100 China Holdings Ltd
 2608.HK :
    * PAYMENT OF PRINCIPAL AND PREMIUM ON 2021 BONDS HAS NOT
BEEN MADE
BY CO ON MATURITY DATE; EVENT OF DEFAULT HAS TAKEN PLACE
    * EVENT OF DEFAULT WILL TRIGGER CROSS DEFAULT PROVISIONS
UNDER
US$219.6 MILLION 13.0% SENIOR GREEN NOTES DUE 2022
    * 2022 BONDS MAY BECOME IMMEDIATELY DUE AND PAYABLE IF
CREDITORS
CHOOSE TO ACCELERATE
    * AS BEEN PROACTIVELY COMMUNICATING WITH RELEVANT CREDITORS
    * SUNSHINE 100 CHINA HOLDINGS LTD SAYS  NOT RECEIVED ANY
NOTICE
REGARDING ACTION TO ACCELERATE BY ANY CREDITOR
    * TRADING OF 2022 BONDS ON STOCK EXCHANGE WILL BE SUSPENDED
ON 12
AUGUST 2021
    * EXPECTS TO REPAY PRINCIPAL, PREMIUM TOGETHER WITH ACCRUED
INTEREST OF 2021 BONDS WITHIN 10 BUSINESS DAYS FROM MATURITY
DATE

Source text for Eikon:  ID:nHKSgJ9gR 
Further company coverage:  2608.HK 

 (Reuters.briefs@thomsonreuters.com)