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The latest update is out from Hope Education Group Co., Ltd. ( (HK:1765) ).
Hope Education Group Co., Ltd. has announced an update on the restructuring of its US$350 million zero coupon guaranteed convertible bonds due 2026. The company has reached an agreement in principle with an ad hoc group of bondholders representing over 56% of the outstanding principal amount. The proposal includes an early redemption plan, offering US$610 for every US$1,000 in principal, and a consent fee of US$10 per US$1,000 for holders who approve the necessary amendments. This restructuring aims to settle all outstanding amounts under the bonds and is still subject to final negotiations and agreements.
More about Hope Education Group Co., Ltd.
Average Trading Volume: 10,135,653
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.78B
For detailed information about 1765 stock, go to TipRanks’ Stock Analysis page.