Long term Financial News, on February 5th, Dr. Peng Investment Holdings Hong Kong Limited (Dr.Peng Holding Hongkong Limited, referred to as "Dr. Peng Investment Hong Kong") issued a notice of the bill holders' meeting, which aims to hold a meeting of the bill holders on March 1, 2021, requesting the bill holders to consider and approve the proposed special resolution at the meeting, in order to amend certain terms and conditions of the instrument. These include extending the maturity of the instrument and providing additional collateral under the bill.
Dr Peng has commissioned Alvarez & Marsal Asia Limited as financial advisor and Morrow Sodali Ltd as information and watchmaking agent in Hong Kong.
Involving bonds:
According to the long-term financial data, CHEDRP 5.05 06 Universe 01ax 20, with an issue size of US $500m and a coupon rate of 7.55%, was originally due to expire on January 6, 2020, and then extended to 2021, ISIN: XS1611011922, issued by Dr. Peng in Hong Kong, guaranteed by Dr. Peng Telecom Media Group Co., Ltd.