Tue 08/02/2022 05:12 AM
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KWG Group Holdings told some investors that it plans to use part of the HKD 1.3 billion ($165.6 million) proceeds from selling its 50% stake in Hong Kong Kai Tak project to repay its RMB 1.8 billion ($266.1 million) 5.6% onshore bond putable Aug. 25 “20 Hejing 04,” according to three sources familiar with the matter.

The company is still negotiating with certain holders to dissuade them from exercising a put option and at the same time making efforts to repay all the amount to be put back,...
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