Hong Kong Court Dismissed Winding-Up Petition on China Education Giant & Hong Kong-Listed XJ International Holdings, Defaulted on $324 Million Bond Including Accrued Interest, Bank of New York is Trustee for Defaulted Bondholders & Acting on Behalf of 49.1% of the Bondholders, Bondholders Include PAG & Oasis Management

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Hong Kong Court Dismissed Winding-Up Petition on China Education Giant & Hong Kong-Listed XJ International Holdings, Defaulted on $324 Million Bond Including Accrued Interest, Bank of New York is Trustee for Defaulted Bondholders & Acting on Behalf of 49.1% of the Bondholders, Bondholders Include PAG & Oasis Management

30th August 2024 | Hong Kong

A Hong Kong court has dismissed the winding-up petition on China education giant & Hong Kong-listed XJ International Holdings (Judgement 28/8/24).  In March 2024, XJ International Holdings received a winding up petition after defaulting on the $324 million bond.  Bank of New York is the trustee for the defaulted bondholders & is acting on behalf of 49.1% of the bondholders (XJ international Holdings). Bondholders include PAG & Oasis Management.  Earlier in February 2024,  XJ International Holdings had received a letter from bondholders requesting for early redemption by 2nd March 2024 of XJ International Holdings $350 million bonds due 2026.  The bondholders cited risk of XJ International Holdings may intentionally default on payments.  XJ International Holdings current market value is at $211 million (30/8/24).  More info below:

“ Hong Kong Court Dismissed Winding-Up Petition on China Education Giant & Hong Kong-Listed XJ International Holdings, Defaulted on $324 Million Bond Including Accrued Interest, Bank of New York is Trustee for Defaulted Bondholders & Acting on Behalf of 49.1% of the Bondholders, Bondholders Include PAG & Oasis Management “

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China Education Giant & Hong Kong-Listed XJ International Holdings Bondholders Include PAG & Oasis Management, Defaulted on $324 Million Bond Including Accrued Interest, Received Winding Up Petition after Defaulting on Bond, Bank of New York is Trustee for Defaulted Bondholders & Acting on Behalf of 49.1% of the Bondholders

20th April 2024 – China education giant & Hong Kong-listed XJ International Holdings bondholders include PAG & Oasis Management.  In March 2024, XJ International Holdings received a winding up petition after defaulting on the $324 million bond.  Bank of New York is the trustee for the defaulted bondholders & is acting on behalf of 49.1% of the bondholders (XJ international Holdings).  Earlier in February 2024,  XJ International Holdings had received a letter from bondholders requesting for early redemption by 2nd March 2024 of XJ International Holdings $350 million bonds due 2026.  The bondholders cited risk of XJ International Holdings may intentionally default on payments.  XJ International Holdings current market value is at $254 million (28/3/24).  More info below:

China Education Giant & Hong Kong-Listed XJ International Holdings Receives Winding Up Petition after Defaulting on $324 Million Bond, Bank of New York is Trustee for Defaulted Bondholders & Acting on Behalf of 49.1% of the Bondholders

30th March 2024 – China education giant & Hong Kong-listed XJ International Holdings has received a winding up petition after defaulting on the $324 million bond.  Bank of New York is the trustee for the defaulted bondholders & is acting on behalf of 49.1% of the bondholders (XJ international Holdings).  Earlier in February 2024,  XJ International Holdings had received a letter from bondholders requesting for early redemption by 2nd March 2024 of XJ International Holdings $350 million bonds due 2026.  The bondholders cited risk of XJ International Holdings may intentionally default on payments.  XJ International Holdings current market value is at $254 million (28/3/24).  More info below:

China Education Giant & Hong Kong-Listed XJ International Holdings Receives Letter from Bondholders for Early Redemption by 2nd March 2024 of $350 Million Bonds Due 2026, Cites Risk of XJ International Holdings May Intentionally Default on Payments, Current Market Value of $352 Million

24th February 2024 – China education giant & Hong Kong-listed XJ International Holdings has received a letter from bondholders requesting for early redemption by 2nd March 2024 of XJ International Holdings $350 million bonds due 2026.  The bondholders cited risk of XJ International Holdings may intentionally default on payments.  XJ International Holdings current market value is at $352 million (23/2/24).

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