Heng Tai Consumables Group (HK:0197) has released an update.
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Heng Tai Consumables Group has announced a new agreement involving the subscription of bonds from China Healthwise Holdings, secured by a share pledge over Good Cheer Global Limited, a Hong Kong-based money lending subsidiary. This strategic move provides better protection for bondholders by offering them priority claims over Good Cheer’s assets, despite the assets not covering the entire bond amount. The agreement also adjusts interest payments to a semi-annual schedule, indicating the group’s proactive approach to managing financial risks and opportunities.
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