XJ International receives statutory demand for convertible repayment

Chicago, March 6 – XJ International Holdings Co., Ltd. is the recipient of a statutory demand for repayment from a creditor of its $350 million 0% guaranteed convertible bonds due 2026, according to a notice.

The demand is for the company to pay the $324,706,096.59 principal amount due on the bonds.

The company must repay the sum within three weeks or the creditor may present a winding-up petition against the company.

XJ is seeking legal advice.

In the meantime, the company will discuss with the creditor with a view to reaching an amicable solution in the mutual interest of the creditor and the company.

Chengdu, China-based XJ International is an investment holding company engaged in higher education and secondary vocational education services.

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