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2024-05-14 11:08:08
Agile Group is under liquidity pressure, failing to pay 2020 interest on bills and is expected to be unable to meet all offshore debt payment obligations. The company's total presale value has dropped sharply compared with the same period last year, and is considering a comprehensive debt management solution and hiring consultants to find a solution. Share prices have been rising since April 22nd.
[Agile Group faces liquidity pressure and fails to pay 2020 interest on notes] Agile Group announced in an announcement on the Hong Kong Stock Exchange on May 14 that due to liquidity pressure, the company has not yet paid 2020 bills.WaxmetaverseThe interest. The grace period for interest payment on the note ended on May 13, 2024, and Agile said it did not expect to be able to meet its payment obligations under all its offshore obligations. [Agile Group actively deals with debt problems and seeks solutions] in order to deal with the debt problems, Agile Group plans to maintain communication with creditors to explore the best solution to safeguard the interests of all parties. At present, the company has not yet received a request from creditors for accelerated repayment of 2020 bills. [Agile Group's pre-sale volume dropped significantly, but normal operations continued] according to unaudited data, Agile Group's total pre-sale value in the first four months of 2024 is about 65%.Waxmetaverse0.5 billion yuan, down 68.0% and 73.9% respectively from the same period in 2023 and 2022. Nevertheless, Agile said it would continue to promote project delivery and maintain normal operations. [Agile Group is considering a comprehensive debt management plan, and its share price has risen recently] Agile Group is considering all possible actions, including comprehensive debt management, to improve its balance sheet. The company will hire external financial and legal advisers to assist in assessing the capital structure and liquidity and communicate with creditors to find feasible solutions. It is worth noting that Agile shares have risen significantly since April 22, closing at HK $0.7 per share as of May 13.