Summary by Moomoo AI
Xuhui Holding Group (stock code 00884) issued an announcement on March 28, 2024, mentioning that its US$555,000,000 6.55% Preferred Notes (Stock Code: 05925) will expire and delist on the same date. Failure of the note to repay principal and interest on the maturity date will constitute a breach of contract. The company is seeking a comprehensive solution to its overseas debt and has suspended payments on some of its offshore financing arrangements. In addition, Xuhui Holding's ordinary shares briefly suspended trading on March 28 and resumed trading on April 2. Trading of other listed debt securities will continue to be suspended until further notice. The company will keep up to date with any significant developments.