Fri 05/19/2023 04:03 AM
Share this article:
Reorg Asia’s Highlights:

  • The Hong Kong Court found that Peking University Founder Group Company Ltd. (PUFG) breached its keepwell obligations provided to Founder Information (Hong Kong) Ltd. (FIHK), the guarantor of $800 million defaulted bonds issued by Kunzhi Ltd. (Kunzhi). The Court found the breach caused a CNY 1.154 billion ($163.8 million) loss to FIHK;

  • PUFG’s keepwell and equity interest purchase undertaking (EIPU) obligations to other issuers/guarantors Nuoxi Capital Limited...
Share this article:
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 © 2024 Reorg Research, Inc. All rights reserved.
Thank you for signing up
for Reorg on the Record!