集团一直积极寻求融资，并努力产生充足的现金流量以履行集团的财务承诺。作为该等努力的一部分，公司正进行征求同意，以为公司提供更多时间及经营灵活性，获取该等融资。具体而言，征求同意将使公司能够通过延长票据期限及降低票据利率及分期支付票据本金，加强公司的流动资金及现金流量管理。Landsea mgmt (00106) announced that the board of directors is currently soliciting eligible billholders as of the record date...
Wise Finance APP News, Landsea mgmt (00106) announced that the board of directors is currently soliciting eligible billholders as of the record date to agree to amend the contract, and eligible billholders as of the record date to agree to proposed waivers of certain contract terms, the specific method of which will be detailed in the solicitation statement sent to eligible billholders on the day of the announcement of the transaction.
Due to the continuous deterioration of the operating environment affecting china's real estate industry, the group's liquidity and cash flow have already tightened and are expected to continue to be tight. The company has not paid the interest due on the notes maturing on April 20, 2024, failed to repay the minimum principal required on the mandatory redemption date of April 20, 2024, and is not expected to repay all outstanding principal and accrued unpaid interest on the notes by the original maturity date of October 20, 2024, all of which constitute default events under the contracts. In addition, the 10.75% senior notes due in 2022 matured on October 21, 2022, where full principal and all accrued unpaid interest were due, and as of the date of this announcement, the company has not paid these amounts, constituting a default event under the notes contract. These default events may trigger default events under other debts, may lead to the company's inability to fulfill payment obligations under outstanding debts, and may further have a significant adverse impact on the group's business, operations, and financial condition, including the possibility of bankruptcy or other forms of restructuring. Such developments may adversely affect the interests of holders (including holders who have not consented to the proposed amendments and waivers).
The group has been actively seeking financing and striving to generate sufficient cash flow to fulfill the group's financial commitments. As part of these efforts, the company is seeking consent to provide more time and operational flexibility for the company to obtain such financing. Specifically, the consent will enable the company to strengthen its liquidity and cash flow management by extending the notes' maturity, reducing the notes' interest rates, and installment payments of the notes.