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China YuHua Education Withdraws Convertible Bonds From Stock Exchange
YUHUA EDU (06169): The listing of the 2.088 billion HKD 0.90% convertible Bonds maturing in 2024 has been canceled.
YUHUA EDU (06169) announced that due to the original maturity date of the convertible Bonds being December 27, 2024, ...
China YuHua Education's Unit to Dispose Thailand Subsidiary for HK$240 Million
YUHUA EDU (06169.HK) sold its operational subsidiary company in Thailand for 0.24 billion yuan.
YUHUA EDU (06169.HK) announced that its wholly-owned subsidiary, ****hua Education Investment, sold all shares of Thai Education Holdings Co., Ltd. and Fareast Stamford International Co., Ltd. to Xin Yu for 0.24 billion yuan. The proceeds from the sale are intended to be used to repay the group's issued convertible Bonds maturing in 2024. Fareast Stamford International Co., Ltd is a company.
YUHUA EDU (06169.HK) plans to sell educational Assets in Thailand, with a Trade amount reaching 0.24 billion HKD.
On December 27, Gelonghui reported that YUHUA EDU (06169.HK) announced that on December 27, 2024, the seller (China YUHUA EDU Investment Co., Ltd., a wholly-owned subsidiary of the company) and the buyer (Mr. Xin Yu, a Chinese citizen) entered into a sale agreement, under which the seller has agreed to sell and the buyer has agreed to purchase all equity of the target company, with a total purchase price of 0.24 billion Hong Kong dollars. The proceeds from the sale are intended to be used to repay the group's issued convertible Bonds due in 2024. The target company (i.e., Thai Education Holdings Co.,
(1) UPDATE IN RELATION TO THE HK$2,088,000,000 0.90% CONVERTIBLE BONDS DUE 2024 (THE "CONVERTIBLE BONDS"); (2) FURTHER DELAY IN PUBLICATION OF THE ANNUAL RESULTS FOR THE YEAR ENDED 31 AUGUST 2024 AND POSSIBLE DELAY IN DESPATCH OF THE 2024 A...
