Securities code: 000046 securities abbreviation: Oceanwide Holdings Co.Ltd(000046) Announcement No.: 2022-024 Oceanwide Holdings Co.Ltd(000046)
About overseas subsidiary zhongpan real estate Holding Co., Ltd
Announcement of debt related information
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Basic information
On September 23, 2019, Oceanwide Holdings Co.Ltd(000046) (hereinafter referred to as “the company”) overseas subsidiary zhongpan real estate Holding Co., Ltd. (as the borrower) Zhongpan Holding Co., Ltd. (a company listed on the main board of the stock exchange of Hong Kong, the controlling shareholder of the borrower, stock code: 715. HK, hereinafter referred to as “zhongpan holding”) and several member companies (as guarantors) have signed financing agreements with OCM harbour investments PTE. Ltd. (as lenders), And take the share charge established by the issued shares of the borrower and the guarantor (except zhongpan Holdings) as collateral. The lender has previously issued a notice of default to the borrower and required it to immediately repay all outstanding debts under the loan, with a total amount of USD 159257114.98 (for details, see the relevant announcements disclosed by the company in China Securities News, securities times, Shanghai Securities News and cninfo on October 21, 2021).
2、 Debt progress
On February 14, 2022, China pan holdings received a notice from the lender stating that according to the terms and conditions of the financing agreement, the lender decided to exercise any and all rights at any time without further notice, including but not limited to: (1) sell any shares held by China pan holdings in the borrower immediately or at a later time; (2) Appoint a receiver in respect of the borrower’s shares under the borrower’s share charge; (3) Date any notice or other document under the borrower’s share charge to facilitate the realization of any security.
On February 15, 2022, zhongpan holdings received a letter from Mr. Cosimo Borrelli of D & P China (HK) limited to the borrower on February 14, 2022. The lender has appointed Mr. Kent McParland and and Mr. Cosimo Borrelli of Kroll Advisory (BVI) Limited as joint and individual receivers. In addition, the borrower passed a shareholders’ resolution on February 14, 2022, according to which the resignation of all existing directors of the borrower was accepted and the receiver was appointed as a director of the borrower.
3、 Other
China pan holdings is currently negotiating with the lender on updating the repayment plan. The company will continue to pay attention to the progress of this matter and timely perform the obligation of information disclosure in accordance with the provisions of relevant laws and regulations.
See the relevant announcements disclosed by China pan holdings on the website of the stock exchange of Hong Kong for details.
It is hereby announced.
Oceanwide Holdings Co.Ltd(000046) board of directors
February 17, 2002
