Tue 08/02/2022 05:12 AM
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,...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2023 Reorg Research, Inc. All rights reserved.