The company entered into a letter with full consent, according to which the contracting parties mutually agreed to change and reduce the interest rate accrued on acceptance notes from 8% to 4% per year (based on the actual number of days that have passed and 365 days a year)
According to the Zhitong Finance App, Minsheng International (00938) announced that on the date of this announcement, interest accrued under the company's wholehearted issuance of acceptance notes with a total principal amount of HK$550 million and accrued interest thereunder; and the accrued interest under the full issuance by the company of acceptance notes with a total principal amount of HK$228 million (the principal amount of which has been fully redeemed) has not yet been repaid.
On December 1, 2023 (after the trading period), the Company entered into a letter with full consent, according to which the contracting parties mutually agreed to change and reduce the interest rate accrued on the acceptance note from 8% to 4% per year (based on the actual number of days that have passed and 365 days of the year), effective from December 1, 2023 and until the maturity date (i.e. December 31, 2025) or redemption date (as the case may be) of the acceptance note.