Core Viewpoint - CIFI Holdings Group (00884) announced that it will not be able to repay the principal amount of its $555 million 6.55% senior notes due in March 2024, which will result in a default event for the company and its other listed debt securities [1] Group 1: Debt Obligations - The total outstanding principal amount of the March 2024 notes, along with accrued and unpaid interest, is due on March 28, 2024 [1] - The company is seeking a comprehensive solution for its offshore debt and has suspended several offshore financing arrangements, including the repayment of debt securities listed on the Hong Kong Stock Exchange [1] - The March 2024 notes are expected not to be repaid at maturity, leading to a default event for the company [1] Group 2: Stock Trading Status - The March 2024 notes will be delisted from the Hong Kong Stock Exchange on March 28, 2024 [1] - The company's ordinary shares were temporarily suspended from trading on the Hong Kong Stock Exchange at 9:00 AM on March 28, 2024, pending the publication of the Chinese version of the insider information announcement [1] - Trading of the company's ordinary shares is expected to resume on April 2, 2024, at 9:00 AM, while trading of the debt securities will remain suspended until further notice [1]
旭辉控股集团(00884)：2024年三月票据除牌 4月2日复牌