Wonderful Sky Announces Discloseable Transaction for Exchange of Kaisa Notes Under Restructuring Plan
Reuters
Oct 03
Wonderful Sky Announces Discloseable Transaction for Exchange of Kaisa Notes Under Restructuring Plan
Wonderful Sky Financial Group Holdings Limited announced a discloseable asset transaction involving the exchange of its holdings in 11.25% Kaisa notes due April 2025 for a new package of Kaisa securities as part of Kaisa Group Holdings Ltd.'s restructuring. The new package extends the maturity of the notes by approximately 2.7 to 7.7 years, with maturities ranging from December 2027 to December 2032. The transaction exceeds 5% of the company's assets but is less than 25%, making it subject to notification and announcement requirements under Hong Kong Stock Exchange Listing Rules.
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