Summary by Moomoo AI
HOPE EDUCATION (HEJIK INTERNATIONAL HOLDINGS LIMITED) ISSUED A NOTICE ON FEBRUARY 29, 2024, CITING THE DIFFICULTY OF THE COMPANY FACING A SELECTED REDEMPTION DATE TO REDEEM ZERO-YIELD CONVERTIBLE BONDS MATURING IN 2026. The announcement follows on from the previous Convertible Bond Announcements issued on 22 February 2021, 2 March, 3 March and 22 February 2024. Affected by the external environment and the current financial situation, the Company said it is evaluating its capital structure and liquidity and has appointed professional advisors to seek solutions that meet the interests of the Company and its bondholders. Education wants to emphasize that its school operations are maintained and supported by financial institutions in the country. The Board of Directors urges shareholders and potential investors to exercise caution when investing in or buying and selling the Company's securities.