China Index Holdings Announces Settlement Deeds with Convertible Notes Holders
China Index Holdings Limited - American Depository Shares (CIH)
Company Research
Source: GlobeNewswire
BEIJING, Sept. 28, 2021 (GLOBE NEWSWIRE) -- China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, announces that it has entered into settlement deeds (the “Settlement Deeds”) with Fang Holdings Limited (“Fang”) and Fang’s convertible notes holders, namely (1) Safari Group CB Holdings Limited, (2) IDG Ultimate Global Limited, (3) Quartz Fortune Limited, (4) Velda Power Limited, and (5) Fountain II Limited, in relation to the convertible notes issued by Fang in 2015 (the “Convertible Notes”), on (1) June 25, 2021, (2) August 20, 2021, (3) August 20, 2021, (4) August 20, 2021, and (5) September 22, 2021, respectively. On November 13, 2020, a winding-up petition was presented to the Grand Court of the Cayman Islands against Fang by certain shareholders of Fang. As a result of the winding-up petition and pursuant to the terms of the Convertible Notes, the outstanding principal of, and
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