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華南城：補充公告–有關2024年4月票據及2024年10月票據之更新

CHINASOUTHCITY: SUPPLEMENTAL ANNOUNCEMENT UPDATES IN RELATION TO THE APRIL 2024 NOTES AND THE OCTOBER 2024 NOTES

香港交易所 · Mar 11 08:34

CHINASOUTHCITY +0.00%

Summary by Moomoo AI

華南城於2024年3月11日發布補充公告，提及公司未能按時支付2024年2月9日到期的2024年10月票據強制贖回款項11,671,875美元，以及2024年2月12日到期的2024年4月票據利息12,997,800美元。該違約事件導致截至2024年2月29日，公司借款總額中本金總額25,329.0百萬港元已違約或交叉違約。華南城正在與債權人和票據持有人討論債務管理策略，並將在適當時候更新市場最新情況。公司提醒股東、票據持有人及潛在投資者交易時需審慎。

South China City issued a supplemental notice on March 11, 2024, mentioning that the Company failed to pay the mandatory redemption payment of $11,671,875 on the October, 2024 Notes due February 9, 2024 and the interest on the April Notes due February 12, 2024 of $12,997,800. The breach resulted in a default or cross default of HK$25,329.0 million of the Company's total borrowings as of 29 February 2024. SOUTH CHINA CITY IS DISCUSSING DEBT MANAGEMENT STRATEGIES WITH CREDITORS AND NOTE HOLDERS AND WILL UPDATE MARKET UPDATES AS APPROPRIATE. The Company reminds shareholders, note holders and potential investors to exercise caution when trading.

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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.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

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In Malaysia, investment products and services available through the moomoo app are offered through Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Moomoo Securities Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

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The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).

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