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華南城：有關2024 年4 月到期的9.0% 優先票據（國際證券識別編碼：XS2085883119，通用代碼：208588311）及2024年10月到期的9.0%優先票據（國際證券識別編碼 XS2238030162，通用代碼：223803016）之更新

CHINASOUTHCITY: UPDATES IN RELATION TO 9.0% SENIOR NOTES DUE APRIL 2024 (ISIN: XS2085883119, COMMON CODE: 208588311) AND 9.0% SENIOR NOTES DUE OCTOBER 2024 (ISIN: XS2238030162, COMMON CODE: 223803016)

香港交易所 · Feb 9 09:29

CHINASOUTHCITY -2.72%

Summary by Moomoo AI

華南城於2024年2月9日宣布，由於外部因素變化導致銷售不及預期，加上流動資金緊張，公司面臨巨大的債務壓力。自2022年起，公司已進行多次境外美元債展期，但經營及資金狀況未見改善。華南城預期將無法支付2024年10月票據於2024年2月9日到期的強制贖回款項，以及2024年4月票據於2024年2月12日到期的利息，這可能導致違約事件，進一步觸發其他債務違約，對公司業務、經營及財務狀況造成重大不利影響。公司正在積極尋求融資並考慮不同選擇，包括債務重組計畫和交換要約，並將適時向市場更新情況。聯席主席李文雄及鄭松興於2024年2月9日代表公司發出此公告。

South China City announced on February 9, 2024 that the company is facing huge debt pressures due to changes in external factors that lead to sales falling short of expectations, coupled with liquidity strains. Since 2022, the company has conducted several overseas dollar debt maturities, but there has been no improvement in its operating and capital situation. South China City expects to be unable to pay the mandatory redemption of the October 2024 Notes due on February 9, 2024, and the interest on the April 2024 Notes due on February 12, 2024, which could result in a default event and further trigger other debt defaults, causing significant disadvantages to the Company's business, operations and financial condition Impact. The company is actively seeking financing and considering various options, including debt restructuring plans and swap agreements, and will update the market in due course. The Co-Chairmen Lee Wen-Hung and Cheng Songxing made this announcement on 9 February 2024 on behalf of the Company.

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The information summarized by Moomoo AI is generated automatically by a third-party artificial intelligence (AI) model based on the news content. It does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliated companies. Due to implementation limitations and technological capabilities, the AI-generated information quality may vary. You agree that any action you take upon the information on this page is at your own risk. You further agree that MTI and its affiliated companies shall not be held liable for any losses or damages incurred as a result of your use of the above information.

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