Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CHINA AOYUAN Fails to Pay Note Interest, Separately Triggers Cross-Default Under Offshore Financings
Recommend 5 Positive 6 Negative 4 |
||||
|
||||
|
As announced by CHINA AOYUAN (03883.HK), as of the date of the announcement, the Company has not paid or procured the payment of interest that fell due on 30 March 2026 in respect of those Relevant Notes prior to the expiry of the 30-day grace period. This constitutes an Event of Default under the Relevant Notes, and has separately triggered cross-default under certain offshore financings of the Company. In those prevailing circumstances, the Company has decided that the best interests of the creditors and other relevant stakeholders is to suspend, with effect from 30 March 2026, the payment of all principal and interest that has or will become payable on all offshore financing obligations. The Company will seek to procure that each subsidiary similarly suspends paying principal and interest on their respective offshore financing obligations (which were not otherwise in default). Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
