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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Peking University Resources (Holdings) Company Limited    618   BMG6982M1038

PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LIMITED

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China's Peking Founder seeks bond repayment delay to February 2020 - sources

12/20/2019 | 04:12am EST

China's Peking University Founder Group asked investors on Friday to extend the grace period to repay an overdue onshore China bond to Feb. 21, 2020, according to two sources familiar with the matter.

The company missed a payment deadline for 2 billion yuan ($285 million) worth of maturing short-term commercial paper on Dec. 1 and had until next Monday to make up the shortfall.

The state-owned company affiliated with a top Chinese university proposed using Hong Kong-listed shares of Bank of Chongqing as collateral at a meeting with bondholders in Beijing on Friday, the sources said.

The proposal has not yet been agreed upon, according to the sources.

Up to $2.95 billion of Peking Founder's offshore U.S. dollar debt could cross-default upon the onshore paper's failure, Japanese brokerage Nomura has warned.

Peking Founder holds about 3% of Bank of Chongqing's shares, according to the lender's third quarter report.

Reuters was not immediately able to reach Peking University Founder Group for comments.

($1 = 7.0085 yuan)

(Reporting by Xiaochong Zhang in Beijing and Andrew Galbraith in Shanghai; Writing by Noah Sin in Hong Kong; Editing by Tom Hogue and Muralikumar Anantharaman)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -2.95% 22.73 Delayed Quote.47.02%
BANK OF CHONGQING CO., LTD. -0.40% 4.98 End-of-day quote.2.68%
EURO / US DOLLAR (EUR/USD) 0.09% 1.2072 Delayed Quote.-1.21%
NOMURA CO., LTD. -1.23% 800 End-of-day quote.-6.10%
PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LIMITED 1.03% 0.098 End-of-day quote.8.89%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.27% 6.49777 Delayed Quote.-0.35%
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Financials
Sales 2019 24 132 M 3 718 M 3 718 M
Net income 2019 -2 422 M -373 M -373 M
Net Debt 2019 12 430 M 1 915 M 1 915 M
P/E ratio 2019 -0,54x
Yield 2019 -
Capitalization 525 M 81,1 M 81,0 M
EV / Sales 2018 0,49x
EV / Sales 2019 0,56x
Nbr of Employees 975
Free-Float 27,8%
Chart PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LIMITED
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Peking University Resources (Holdings) Company Limited Technical Analysis Chart | 618 | BMG6982M1038 | MarketScreener
Income Statement Evolution
Managers and Directors
NameTitle
Gang Zeng President & Executive Director
Shuen Lung Cheung Executive Chairman
Fu Shuang Zheng Executive Director
Min Sun Executive Director
Hang Liao Executive Director
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