Zhengshang Industrial: It is expected that principal and interest on US dollar notes due 2024 will not be paid, and will trigger cross-default on 2025 notes
Zhengshang Industrial (00185.HK) announced that in September 2021, the company issued 12.50% senior notes (ISIN: XS2385313064; debt securities code: 40859) (2024 notes) due on April 23, 2024 and listed them on the Stock Exchange. At the date of this announcement, the outstanding principal amount of the 2024 notes was US$160 million. According to the terms of the 2024 notes, the company must redeem all outstanding 2024 notes along with accrued and unpaid interest on April 23, 2024. Given the liquidity pressure the company is currently facing
Zhengshang Industrial (00185) does not expect to expire and settle the principal amount of the 2024 notes along with accrued and unpaid interest
According to Zhitong Finance App, Zhengshang Industrial (00185) announced that in September 2021, the company issued 12.50% senior notes (ISIN: XS2385313064; debt securities code: 40859) (2024 notes) due on April 23, 2024 and listed them on the Stock Exchange. At the date of this announcement, the outstanding principal amount of the 2024 notes was US$160 million. According to the terms of the 2024 notes, the company must redeem all outstanding 2024 notes along with accrued and unpaid interest on April 23, 2024. Given the current state of the company
Zhengshang Industrial (00185.HK) accelerates property sales and stabilizes business operations
On April 22, Ge Longhui Industrial (00185.HK) issued an announcement. In order to ease the Group's liquidity pressure and improve its financial situation, the company's directors have taken a number of measures, including but not limited to actively promoting the sale and pre-sale of its properties to speed up the repayment of accounts receivable. The Group will persevere in its efforts to ensure property delivery, speed up property sales and stabilize business operations.
Zhengshang Industrial (00185.HK) suspended trading this morning
On April 2, Gelonghui Industrial (00185.HK) announced that trading of the company's shares and bonds (stock code: 05862) will be suspended from 9:00 a.m. today (2/4/2024).
ZENSUN ENT: SUSPENSION OF TRADING
Zhengshang Industrial (00185): Expected to delay publication of 2023 annual results
Zhitong Finance App News, Zhengshang Industrial (00185) issued an announcement that due to the departure of several key employees of the company (especially the finance department); and insufficient employees to provide all the audit materials required by the auditors, it seriously affected the completion of the company's comprehensive financial statements and audit progress for the year ended December 31, 2023. The company and auditors require additional time to complete the Group's audited accounts. As a result, the Company anticipates that it will not be able to publish the 2023 Annual Results on or before March 31, 2024 and send the 2023 Annual Report on or before April 30, 2024.
ZENSUN ENT: INSIDE INFORMATION (1) DELAY IN PUBLICATION OF ANNUAL RESULTS ANNOUNCEMENT AND DELAY IN DISPATCH OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023; (2) POSTPONEMENT OF BOARD MEETING AND (3) POSSIBLE SUSPENSION OF TRADING
Zhengshang Industrial (00185.HK) plans to hold a board meeting on March 27 to consider and approve the annual results
Gelonghui March 15 | Zensun Industrial (00185.HK) announced that a board meeting will be held on March 27, 2024 (Wednesday) to approve the results and announcements of Huai Company and its subsidiaries for the year ended 31 December 2023, and to consider proposals for payment of a final dividend (if any).
ZENSUN ENT: Date of Board Meeting
Zhengshang Industrial (00185): Discussions have been held with 2024 note holders on delays in payment of interest
Zhengshang Industrial (00185) announced that the company has discussed delays in payment of interest with 2024 note holders...
Zheng Shang Industrial (00185): Zhang Shizhe will be appointed as company secretary
Zhengshang Industrial (00185) announced that Yuan Bingmin will retire as company secretary from February 29, 2024...
Zensun Enterprises Names New Auditor
Zensun Enterprises (HKG:0185) appointed Grant Thornton Hong Kong as its new auditor, effective Tuesday, Dec. 26. Grant Thornton will take over from Ernst & Young, which resigned after not being able t
Zensun Industrial (00185.HK): Appointment of Grant Thornton as Auditor
On December 27, Ge Longhui | Zheng Shang Industrial (00185.HK) issued an announcement. Due to the company's cost-benefit factors, the board of directors failed to reach a consensus with Ernst & Young (“EY”) on the audit fee level for the Group's consolidated financial statements for the year ended December 31, 2023. At the request of the board of directors, EY has resigned as the company's auditor with effect from December 25, 2023. Based on the recommendation of the Audit Committee, it has been decided to appoint Grant Thornton (Hong Kong) Certified Public Accountants Limited (“Grant Thornton”) as the Company's new auditor with effect from December 26, 2023
Zensun Enterprises Suspends Trading of Senior Bonds Due 2024
Zensun Enterprises (HKG:0185) requested the suspension of the trading of its 12.5% senior notes due 2024 on the Hong Kong Stock Exchange after failing to pay the interest worth $10 million. The suspen
Zensun Enterprises Misses $10 Million Interest Payment on Offshore Bond
Zensun Enterprises (HKG:0185) failed to make a coupon payment on an offshore bond maturing next year, triggering an event of default under the terms of the debt securities. The property developer said
Zhengshang Industrial (00185): Delayed payment of interest on 2024 notes
Zhengshang Industrial (00185) announced that the company issued 12.50% senior notes due in 2024 (I...
Zensun Enterprises to Renew Services Agreement With Henan Zensun Corporate Development
Property developer Zensun Enterprises (HKG) said it intends to renew its master services agreement with Henan Zensun Corporate Development Group for three years through 2026. The proposed annual caps
Zensun Enterprises Shareholders to Vote Dec. 12 on Renewal of Construction Contract With Affiliate
Shareholders of Zensun Enterprises (HKG:0185) will meet Dec. 12 to vote on the proposed renewal of an agreement under which Henan Zensun Corporate Development Group will continue providing contracting
Zhengshang Industrial (00185): Completed the 2023 note exchange offer
Zhengshang Industrial (00185) issued an announcement regarding 12.5% senior notes due in 2023 (2023 notes...
Zensun Enterprises Lists $103 Million Bonds on Hong Kong Bourse; Shares Rise 6%
Zensun Enterprises (HKG:0185) has listed its $103.5 million bonds on the Hong Kong stock exchange, according to a Tuesday filing. The bonds, which are part of a recently concluded exchange offer, have
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