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Caixin Global

Articles from Caixin Global

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Equity Bottom-Up

Hope Education Group Co Ltd / Equity Bottom-Up

<ul><li>Some global investors are urging Chinese private education giant XJ International Holdings Co. Ltd. to redeem half of its $350 million in bonds before maturity, as the creditors fear the Hong Kong-listed firm may intentionally default on repayments.</li><li>The bonds are due in 2026, but the creditors asked for the early redemption to be completed by March 2 in a letter sent to the Chinese company last month by their legal adviser, Chicago-headquartered global law firm Kirkland &amp; Ellis LLP.</li><li>The creditors are a group of large international investors who collectively hold no less than $154 million, or about 50%, of the bonds’ outstanding principal amount, according to the letter seen by Caixin.</li></ul>

Some global investors are urging Chinese private education giant XJ International Holdings Co. Ltd. to redeem half of its $350 million in bonds before maturity, as the creditors fear the Hong Kong-listed firm may intentionally default on repayments.The bonds are due in 2026, but the creditors asked for the early redemption to be completed by March 2 in a letter sent to the Chinese company last month by their legal adviser, Chicago-headquartered global law firm Kirkland &amp; Ellis LLP.The creditors are a group of large international investors who collectively hold no less than $154 million, or about 50%, of the bonds’ outstanding principal amount, according to the letter seen by Caixin.

Chinese Education Giant Urged to Repay Bondholders Early as Default Fears Mount 

Cross Asset Strategy

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Hong Kong

Hope Education Group Co, Ltd. offers educational services. The Company provides educational training, knowledge point sharing, activities arrangement, and other services. Hope Education Group offers its services throughout China.

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Hope Education Group Co Ltd (1765 HK)

Chinese Education Giant Urged to Repay Bondholders Early as Default Fears Mount

Some global investors are urging Chinese private education giant XJ International Holdings Co. Ltd. to redeem half of its $350 million in bonds...

Caixin Global

CX Daily: Xiaohongshu’s Push to Make Users Open Their Wallets

Xiaohongshu / In Depth: Xiaohongshu’s push to make users open their wallets Social sharing app Xiaohongshu has been talking a big game about its...

Caixin Global

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