Jiayuan fails to repay 11% senior notes due 2024 at maturity

By Marisa Wong

Los Angeles, Feb. 20 – Jiayuan International Group Ltd. said it has not made payment of the remaining $230 million outstanding principal amount and the accrued interest of its 11% senior notes due Feb. 17, 2024 on their maturity date, according to a notice on Tuesday.

Given that the notes have matured, they were delisted from the Stock Exchange of Hong Kong Ltd.

The company said that noteholders requiring further information may contact the company’s liquidators (mailto:projecthomeland2@deloitte.com.hk).

Trading in the shares of the company on the Hong Kong exchange has been suspended since April 3, 2023 and will remain suspended until further notice.

The property developer is based in Hong Kong.

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