Core Viewpoint - Zhongjun Group Holdings (01966) has announced a default event regarding its February 2026 notes, leading to the suspension of trading for these notes since October 5, 2023 [1] Group 1: Default and Financial Situation - The outstanding principal amount of the February 2026 notes is $350 million [1] - The company is actively seeking a comprehensive solution to ensure sustainable operations, in light of tight liquidity and ongoing communication with overseas creditors [1] - It is anticipated that the principal and accrued unpaid interest on the February 2026 notes will remain unpaid at maturity on February 4, 2026, and will not be settled [1] Group 2: Market Impact - The February 2026 notes will be delisted from the stock exchange after their maturity date [1]

Core Viewpoint - Zhongjun Group Holdings has announced a default event regarding its February 2026 notes, leading to the suspension of trading for these notes since October 5, 2023 [1] Group 1: Default and Financial Status - The outstanding principal amount of the February 2026 notes is $350 million [1] - The company is facing liquidity issues and is in ongoing discussions with overseas creditors to seek a comprehensive solution [1] - It is expected that the principal and accrued unpaid interest on the February 2026 notes will remain unpaid at maturity on February 4, 2026 [1] Group 2: Future Implications - The February 2026 notes will be delisted from the stock exchange after their maturity date [1]

Core Viewpoint - Zhongjun Group Holdings (01966.HK) has announced a default event regarding its February 2026 notes, leading to the suspension of trading since October 5, 2023 [1] Group 1: Default and Financial Situation - The outstanding principal amount of the February 2026 notes is $350 million [1] - Due to tight liquidity and ongoing discussions with overseas creditors, the company expects that the principal and accrued unpaid interest on the February 2026 notes will remain unpaid at maturity [1] - The February 2026 notes are set to mature on February 4, 2026, after which they will be delisted from the Hong Kong Stock Exchange [1] Group 2: Communication and Solutions - The company is working with its advisors to seek an overall solution that considers the interests of all stakeholders to ensure sustainable operations [1] - Following the delisting, the company will maintain active communication with noteholders [1]