Mon 02/22/2021 05:27 AM
Hong Kong-listed, Dalian-based industrial park developer Yida China is finalizing a proposal with its financial advisor to resolve an upcoming put option exercisable on March 8 under the $224.9 million 14% senior notes due March 27, 2022 amid a tight liquidity situation, said three sources familiar with the matter. A holistic plan will be announced in the next few days, one of the sources added.
A repurchase notice was delivered to noteholders earlier this month and they were required to...
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