Times China (HKG:1233) said its offshore noteholders agreed to amend default provisions and waive potential breaches on about $1.42 billion of senior notes, according to a Tuesday filing with the Hong Kong bourse.
The property developer launched the consent solicitation in March and is seeking approval from holders of previously issued mandatory convertible bonds for similar amendments and waivers on June 17.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments