Summary by Futu AI
China Merger chose to pay all interest on the new notes in kind on March 30, 2024, rather than cash. The Company's new notes issued on November 20, 2023, total cumulative tangible interest of $191,793,115, increasing the outstanding principal amount from the initial $5,704,637,631 to $5,896,430,746. In addition, the Company also announced the accrual of tangible interest on the various notes due 2025 to 2030, with the outstanding principal amount of the 2025 Notes increased to $515,000,000, the 2026 Notes increased to $515,625,000, the 2027 Notes increased to $1,032,500,000, and the 2028 Notes increased to $1,550,625,000, 29 notes increased to $1,552,500,000 and 2030 notes increased to $730,180,746. The Chairman of Fusion China, Sun Hongbin, issued this announcement on April 2, 2024, noting that it does not constitute an offer to sell securities in the United States or any other jurisdiction.