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LVGEM (China) Real Estate Investment Company Limited ( (HK:0095) ) has provided an update.
LVGEM (China) Real Estate Investment Company Limited announced a voluntary update regarding non-redemption of certain notes issued by its subsidiary, Gemstones, due in January 2025. The company has initiated a consent solicitation process to seek approval from noteholders for amendments to the notes’ terms, including changes to the maturity date and governing law, as well as waiving existing defaults. This move aims to restructure the notes’ terms to better align with current business conditions, although there is no guarantee that the necessary consents will be obtained, leading investors to exercise caution.
More about LVGEM (China) Real Estate Investment Company Limited
YTD Price Performance: -14.29%
Average Trading Volume: 24,870,003
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$2.02B
Find detailed analytics on 0095 stock on TipRanks’ Stock Analysis page.
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