Starrise Media seeks to extend HK$180 million convertibles to 2021

By Rebecca Melvin

New York, March 24 – Starrise Media Holdings Ltd. has proposed extending its HK$180 million of convertible bonds by one year to Feb. 28, 2021, according to a company announcement.

The company said it is seeking to extend the convertibles due to the Covid-19 outbreak, which has caused all the films and television dramas that the group is engaged in to be postponed to the second half of 2020. The delays adversely affect the group’s ability to recover its investments from these productions and satisfy the working capital requirements of the group.

The company also announced that it will hold an extraordinary general meeting on April 9.

Based in Beijing, Starrise invests in films and television dramas production and jacquard weaving.

© 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.