Brief: ZZ Capital International Updates On A Loan Facility

Kingwisoft Technology Co

08/03/2019 09:55

March 8 (Reuters) - ZZ Capital International Ltd  8295.HK :
    * REFERS TO DEAL WHERE ZZCI CS AGREED TO GRANT LOAN FACILITY
OF UP
TO US$31 MILLION TO GEOSWIFT
    * PRINCIPAL AMOUNT OF LOAN WITH INTEREST IN SUM OF ABOUT
US$34.1
MILLION HAS FALLEN DUE ACCORDING TO LOAN AGREEMENT
    * INFORMED THAT BORROWER UNABLE TO REPAY AMOUNT ON DUE DATE,
WHICH
CONSTITUTED A DEFAULT IN REPAYMENT

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSJ6JTF
Further company coverage:  8295.HK 

 ((Reuters.Briefs@thomsonreuters.com;))