Guandian New Media learned that due to overdue debts of the issuer and its subsidiaries and failed to fully repay within the grace period, the cross-protected provisions of the two medium-term notes were triggered and the holders' meeting failed to form an exemption resolution, w

China Fortune Land Development Two periods of 1.5 billion yuan failed to repay the principal and interest on time and in full

html On September 30, China Fortune Land Development Fund Co., Ltd. issued an announcement on the handling progress of the lead underwriter on the failure to repay the principal and interest on "20 China Fortune Land Development MTN001" and "20 China Fortune Land Development MTN002" in full .

Views New Media learned that due to overdue debts of the issuer and its subsidiaries and failed to fully repay within the grace period, the cross-protection clause of the two medium-term notes was triggered and the holders' meeting failed to form an exemption resolution, which will be due immediately on March 19, 2021.

As of now, the issuer has failed to repay the principal and interest of the two medium-term notes on time and in full.

It is understood that the issuance amount of "20 China Fortune Land Development MTN001" is 1 billion yuan, with a term of 5 (3+2) years, with an interest rate of 5.50%. The next exercise date is on March 23, 2023, and the accelerated expiration date is March 19, 2021, and the outstanding principal and interest amount in this period is 1.054 billion yuan.

"20 China Fortune Land Development MTN002" issuance amount is 500 million yuan, with a term of 5 (2+2+1) years, with an interest rate of 5.17%. The next exercise date is April 20, 2022, and the accelerated expiration date is March 19, 2021, and the outstanding principal and interest amount in this period is 524 million yuan.

Sunshine City "20 Sunshine City MTN001" was not paid in full on time and there is still no redemption plan

htmlOn September 30, Sunshine City issued a progress announcement on the failure to pay in full on time and the first medium-term notes in 2020.

According to Guandian New Media, the bond is abbreviated as "20 Sunshine City MTN001". The bond has a term of 2+2 years, the issuance scale is RMB 600 million, the expiration scale is RMB 600 million, the face value rate (current period) is 6.60%. The original exercise date is June 23, 2022, the original maturity date is June 23, 2024, and the accelerated maturity date is March 15, 2022.

On August 31, 2022, Sunshine City disclosed the "Announcement of Sunshine City Group Co., Ltd. on the Cumulative Litigation and Arbitration Situation of the Company and its controlling subsidiaries in the past twelve months.

On August 31, 2022, Sunshine City disclosed the "Announcement of Sunshine City Group Co., Ltd. on Change of Information Disclosure Affairs Head", and the 11th Board of Directors of the company appointed Tao Hongliang as the secretary of the company's board of directors, and Tao Hongliang served as the head of the company's information disclosure affairs.

On August 31, 2022, Sunshine City disclosed the "Announcement of Sunshine City Group Co., Ltd. on the Company's Debt Situation" on the Company's unpaid debts.

On September 7, 2022, Sunshine City disclosed the "Announcement of Sunshine City Group Co., Ltd. on Changes in Directors, Supervisors and Senior Management Personnel" on changes in directors, supervisors and senior management.

As of the date of this announcement, the company has no specific latest redemption arrangements for this bond.

Panhai Holdings 2.1 billion yuan of medium-term notes have been substantively defaulted. There is no substantial progress in the disposal work

htmlOn September 30, Panhai Holdings Co., Ltd. announced the progress of disposal of the first medium-term notes in 2017 and the first medium-term notes in 2018.

2017 first medium-term notes were issued in the interbank bond market from March 16 to 17, 2017. The issuance amount is RMB 1.4 billion, with a term of 3+2 years, and the face interest rate at the time of issuance is 6.49%. On March 20, 2020, investors exercised the option of repurchase, with a total amount of repurchase of 860 million yuan and a remaining amount of 540 million yuan. At the same time, the issuer exercised the option of raising the face-to-face interest rate, with the current face-to-face interest rate of 7.5%. As of the end of December 1, 2021, the issuer's failure to raise the full repayment funds as agreed and transfer them to the custody institution, which constitutes a substantial breach of contract.

2018 first medium-term notes were issued in the interbank bond market from August 27 to 28, 2018. The issuance amount is RMB 700 million, with a term of 3+2 years, and the face value interest rate is 8.5%. As of the end of August 30, 2021, the issuer failed to raise the full amount of repayment funds as agreed and transferred to the custody institution, which constitutes a substantial default.

Panhai Holdings stated that the company is fully promoting the implementation of asset optimization and disposal work and strive to complete bond redemption as soon as possible.

bond lead underwriter Bank of Beijing also stated that the issuer is continuing to promote the corresponding disposal work in accordance with the debt repayment mechanism reviewed and approved by previous holders' meetings. There is no substantial progress yet and will continue to follow up on the disposal process.

Blu-ray development 8 bonds cumulative default principal was 5.554 billion

htmlOn September 30, Sichuan Blue Light Development Co., Ltd. announcement on the subsequent progress of defaults of "16 Blu-ray 01", "19 Blu-ray 01", "19 Blu-ray 02", "19 Blu-ray 04", "20 Blu-ray 02", "20 Blu-ray 04", "19 Blu-ray 07", and "19 Blu-ray 08".

Views New Media learned from the announcement that as of now, Blu-ray Development has issued a total of 8 corporate bonds that have not yet been redeemed, with a surviving principal of 5.554 billion yuan, including 6 public corporate bonds and 2 private corporate bonds, all of which have defaulted, with a cumulative default principal of 5.554 billion yuan. After the above-mentioned bond default, Blu-ray Development held the 2022 annual holders' meeting of "16 Blu-ray 01", "19 Blu-ray 01", "19 Blu-ray 02", "19 Blu-ray 04", "20 Blu-ray 02", "20 Blu-ray 04", and "19 Blu-ray 07" on January 2, 2022, and then disclosed the "Announcement on the Progress of Debt Restructuring of Sichuan Blu-ray Development Co., Ltd." on June 2.

Blue Light Development stated that it will continue to maintain communication with bondholders and related intermediary institutions in the future, promptly inform bondholders of the progress of the work, and do a good job in information disclosure of subsequent progress.

Shenzhen Stock Exchange determined that the controlling shareholder of Jinke Real Estate had a violation, involving the forced liquidation of shares

9 On September 30, Jinke Real Estate Group Co., Ltd. announced that the controlling shareholder Chongqing Jinke Investment Holdings (Group) Co., Ltd. recently received a regulatory letter issued by the Shenzhen Stock Exchange.

Views New Media understands that the regulatory letter stated that Jinke Holdings had violated regulations.

regulatory letter stated that the "Detailed Equity Change Report" disclosed by Jinke Co., Ltd. on February 9, 2022 shows that Jinke Holdings, Huang Hongyun , Guangdong Hongmin Enterprise Management Consulting Co., Ltd. and Hongxing Home Furnishing Group Co., Ltd. signed a joint action agreement and took effect. The total proportion of the above shareholders' shares in Jinke increased to 29.3655%.

According to the "Announcement on Passive reduction of shares held by shareholders resulting in forced liquidation of some shares and release of pledge by some shares" disclosed by Jinke Holdings on August 20 and August 24, 2022, some of the Jinke Holdings' shares held by Jinke Holdings were forced to liquidate from August 16 to August 22, with a total reduction of 50.7323 million shares, accounting for 0.95% of the total share capital of Jinke Holdings, and a total reduction of 127 million yuan.

However, Jinke Holdings failed to disclose the share reduction plan in advance 15 trading days before the first reduction of the shareholding of Jinke Shares in accordance with Article 13 of the Shenzhen Stock Exchange "Implementation Rules for Reducing Shares of Listed Companies" and failed to pre-disclose the share reduction plan within 18 months after the acquisition was completed in accordance with Article 74 of the "Regulations on the Acquisition of Listed Companies (Revised in 2020)".

regulatory letter stated that the above behavior violates the provisions of Article 1.4, Article 3.4.1, Article 3.4.1, Article 3.4.12 of the Shenzhen Stock Exchange's "Stock Listing Rules (Revised in 2022)" and Article 13 of the "Implementation Rules for Reducing Shares of Listed Companies" by Article 13.

failed to pay the debt of US$1.3975 million. Territory Holdings was filed for liquidation

htmlOn September 30, Territory Holdings Group Co., Ltd. issued insider information about the liquidation petition.

Views New Media learned that on June 24, Territory Holdings expected to fail to pay the principal and accrued interest of the existing notes. On September 27, relevant personnel have submitted a liquidation petition against Territory Holdings to the High Court of the Hong Kong Special Administrative Region for debts arising from existing notes of US$1.397,500.

Territory Holdings said it would seek legal advice and take all necessary actions to protect its legal rights.

In addition, legal measures will be sought to firmly oppose the petition, as the Board believes that the petition does not represent the interests of other stakeholders and may damage the value of the Territory Holdings.

Ocean Capital plans to extend the US$350 million bond. The maturity date is October 25

9 On September 29, Ocean Capital Co., Ltd. plans to extend its bond "Yangyang Capital 6% N20221025". Haitong International , one of the joint global coordinators, joint bookkeepers and joint lead managers of the bond.

According to the official account of Ocean Capital, the bond is a high-level unsecured overseas publicly-sponsored US dollar bond successfully issued by Ocean Capital on Singapore Exchange on October 20, 2021. The total scale is US$350 million, the bond term is 364 days, the coupon is 6%. The listing date is October 27, 2021, and the maturity date is October 25, 2022.

At present, Ocean Capital has a US dollar bond that is still in the expiration date. "Yangyang Capital 6.25% N20230622", which is a high-level unsecured overseas public dollar bond issued by Ocean Capital in October 2021. The issuance scale is US$500 million, the bond term is 2 years, the face interest rate is 6.25%. Interest payment is paid on December 22 and June 22 each year. Holidays are postponed, and the maturity date is June 22, 2023.

Previously, Ocean Capital had just completed the extension of a bond. On September 6, Ocean Capital released information saying that it would adjust the "20 Yuan Capital 01" bond redemption plan, and the redemption date was postponed for one year, and 51% of the bondholders of the plan agreed. The adjusted "20 Yuan Capital 01" redemption plan of

shows that the redemption date of the debt is September 9, 2023. If the issuer exercises the right to redemption, the redemption date of this bond is September 9, 2022. Regardless of whether investors exercise the option of reselling, the redemption date of this bond is September 9, 2023. The bond redemption date shown in the "Prospectus" of

"20 Yuan Capital 01" is September 9, 2023. If the issuer exercises the right to redemption, the redemption date of this bond is September 9, 2022. If an investor exercises the option to repurchase, the redemption date for some of the bonds he repurchases will be September 9, 2022.

Ocean Capital also announced credit enhancement guarantee measures and pledged 50% of the equity of Nantong Xinglong Real Estate Development Co., Ltd. to the trustee manager.

The above pledge credit enhancement guarantee measures shall apply to the sum of all unpaid principal and interest of this bond, the total amount of liquidated damages (if applicable), etc., and the guarantee scope covers the principal and interest payable by the issuer under the "20 Yuanzi 01" bond and all expenses that should be borne by the issuer due to the issuer's default (if any) incurred by the issuer.

guarantee period to the date when the issuer's repayment obligations under the "20 Yuanzi 01" bond are fulfilled or the date when the bond holder of this issue has realized all pledge rights under the pledge guarantee contract.