General Announcement::INSIDE INFORMATION NON-PAYMENT OF OUTSTANDING PRINCIPAL AMOUNT ON 6.95% SENIOR NOTES DUE 2020

Issuer & Securities

Issuer/ Manager
YIDA CHINA HOLDINGS LIMITED
Securities
YIDACHINAUS$224.899M10%N220327 - XS2130508000 - 8B4B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Apr-2020 17:23:02
Status
New
Announcement Sub Title
INSIDE INFORMATION NON-PAYMENT OF OUTSTANDING PRINCIPAL AMOUNT ON 6.95% SENIOR NOTES DUE 2020
Announcement Reference
SG200424OTHRS473
Submitted By (Co./ Ind. Name)
Yida China Holdings Limited
Designation
Zhe Li
Effective Date and Time of the event
24/04/2020 17:00:00
Description (Please provide a detailed description of the event in the box below)
The non-payment of 2020 Notes constitutes an event of default under the indenture. The Company has the necessary funds onshore in mainland China for payment of the outstanding principal amount of the 2020 Notes but is still in the process of arranging to transfer the relevant onshore funds offshore.

Attachments

20200423.pdf
Total size =50K