Jinhui Holdings (09993) rose more than 30% and rose 32.6% to HK$2.4 at press time, with a turnover of HK$9.5 million.
The Zhitong Finance App learned that Jinhui Holdings (09993) rose by more than 30% and rose 32.6% to HK$2.4 at press time, with a turnover of HK$9.5 million.
According to the news, the company previously issued an announcement regarding the US$300 million 7.8% Priority Green Note (“2024 Note”) due in 2024. According to the terms of the 2024 note, all outstanding principal amount of the 2024 notes and any accrued and unpaid interest will be due and payable on the due date of March 20, 2024. As of the date of this announcement, the total outstanding principal amount of the company's outstanding payments was US$300 million. The Group is also actively working to resolve and maintain active communication with note holders and seeking to implement the best solutions to ensure that the interests of all stakeholders are protected.
However, according to the market interpretation obtained by the Financial Association, Jinhui executives claim that although the 300 million US dollar foreign debt has raised enough money, it cannot be repaid due to remittance restrictions. The Financial Services Association has yet to seek confirmation from Jinhui. In addition, another industry insider said that relevant people close to Jinhui Holdings mentioned a series of barriers such as potential risk points for payment and the exit of capital, but the market did not hesitate to interpret it as favorable. “This is probably a gaming mentality where assets are currently scarce.”