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The payment of 400 million corporate bonds of Fujian Sunshine Group, the controlling shareholder of Sunshine City, was postponed for 3 months

author:Finance

Opinion Network News: On January 17, Fujian Sunshine Group Co., Ltd. disclosed that the principal and interest payable of a 400 million yuan corporate bond of the company will be postponed.

Viewpoint New Media understands that the bond is fujian sunshine group co., LTD.'s 2019 public issuance of corporate bonds (phase I), the bond is referred to as "19 Yangji 01", the issuer Fujian sunshine group co., LTD., the total amount of issuance is 400 million yuan, the balance of the bonds is 400 million yuan, the bond term is 3 years, and the coupon rate is 7.50%.

It is reported that the bond has a value date of January 15, 2019, and the interest payment date is January 15 of each year from 2020 to 2022 (in the event of a statutory holiday or rest day, it will be postponed to the first trading day thereafter, and no interest will be accrued for each interest payment). Therefore, the redemption date of the bonds is January 17, 2022.

However, the announcement mentioned that due to the recent liquidity difficulties of Fujian Sunshine Group Co., Ltd., after consultation between the Company and the holders, the parties agreed to postpone the redemption of the principal and interest payable of the current bond until no later than April 15, 2022 (in the event of statutory holidays or rest days, it will be postponed to the first trading day thereafter, and no interest will be accrued for each interest payment).

Fujian Sunshine Group said that the company is actively raising debt repayment funds, improving the efficiency of asset use, striving to complete the payment of the principal and interest payable on the bonds in the current period as soon as possible, protecting the rights and interests of investors, and will continue to fulfill its information disclosure obligations and cooperate with the trustee to do relevant work.

It is also reported that on January 17, Sunshine City issued an announcement that the shares held by Fujian Sunshine Group Co., Ltd., the controlling shareholder, and Fujian Kangtian Industrial Group Co., Ltd., the controlling shareholder, passively reduced their holdings.

Sunshine Group and Kangtian Industrial passively reduced their holdings of 41,403,800 shares in the company through centralized bidding from December 7 to 10, 2021, accounting for 0.99% of the company's total share capital, because the guarantee ratio of some of their accounts was lower than the liquidation line.

After the above-mentioned reduction, Sunshine Group holds a total of about 675 million shares in Sunshine City, accounting for 16.31% of the total share capital, and Kangtian Industrial holds about 390 million shares in Sunshine City, accounting for 9.42% of the total share capital.

This article originated from the viewpoint real estate network

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