Brief: Sunshine 100 China Updates On Potential Event Of Default

Sunshine 100 China Holdings

09/08/2021 16:13

Aug 9 (Reuters) - Sunshine 100 China Holdings Ltd  2608.HK :
    * PAYMENTS OF PRINCIPAL AND LAST INSTALMENT OF INTEREST ON
2021
BONDS ARE NOT EXPECTED TO BE MADE BY CO ON MATURITY DATE
    * CO IS CURRENTLY OF VIEW THAT AN EVENT OF DEFAULT UNDER
TERMS AND
CONDITIONS OF 2021 BONDS WILL LIKELY OCCUR
    * RAISED NECESSARY FUNDS AND SEES TO REPAY PRINCIPAL
TOGETHER WITH
ACCRUED INTEREST WITHIN 10 BUSINESS DAYS FROM MATURITY DATE
    * HAS BEEN DISCUSSING WITH HOLDERS OF 2021 BONDS TO OBTAIN
EXTENSION OF MATURITY DATE

Source text for Eikon:  ID:nHKS5bzM8x 
Further company coverage:  2608.HK 

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