China’s Reward Science and Technology misses Aug. 1 interest payment

By Angela McDaniels

Tacoma, Wash., Aug. 27 – Reward Science and Technology Industry Group Co., Ltd. failed to make the interest payment due Aug. 1 on its RMB 300 million 8% bonds due 2021, according to an announcement filed with the Stock Exchange of Hong Kong Ltd.

The company noted that trading in Reward International Investment Ltd.’s $200 million 7¼% guaranteed senior notes due 2020 has been suspended since Dec. 13, 2018 and will continue to be suspended until further notice.

As previously reported, Reward Science and Technology entered bankruptcy in May, and Reward International Investment failed to pay the interest due July 25 on the 7¼% notes.

Beijing-based Reward Science and Technology makes and distributes food products including milk powder and anhydrous butter products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.