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    6111   KYG261681079

DAFA PROPERTIES GROUP LIMITED

(6111)
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DaFa Properties Group Limited Announces Issuance of USD 100,000,000 13.50% Senior Notes Due 2023

10/25/2021 | 03:46pm EST

DaFa Properties Group Limited will issue the Notes in the aggregate principal amount of USD 100,000,000. The Notes will mature on 28 April 2023, unless earlier redeemed in accordance with the terms thereof. The Notes will bear interest from and including 28 October 2021 at a rate of 13.50% per annum, payable semi-annually in arrears on 28 April and 28 October of each year, commencing 28 April 2022. The Notes are general obligations of the Company; senior in right of payment to any existing and future obligations of the Company expressly subordinated in right of payment to the Notes; at least pari passu in right of payment with all other unsecured, unsubordinated Indebtedness of the Company (subject to any priority rights of such unsecured, unsubordinated indebtedness pursuant to applicable law); guaranteed by the Subsidiary Guarantors and the JV Subsidiary Guarantors (if any) on a senior basis, subject to certain limitations; effectively subordinated to the secured obligations of the Company, the Subsidiary Guarantors and the JV Subsidiary Guarantors (if any) to the extent of the value of the assets serving as security therefor; and effectively subordinated to all existing and future obligations of the subsidiaries of the Company which are not Subsidiary Guarantors or JV Subsidiary Guarantors (if any). The Notes contain certain customary events of default, including default in the payment of principal, or of any premium, on the Notes, when such payments become due, default in payment of interest which continues for 30 days, breaches of covenants, insolvency and other events of default specified in the Indenture. If an event of default occurs and is continuing, the trustee under the Indenture, as the case may be, or the holders of at least 25% of the Notes may declare the principal of the Notes plus any accrued and unpaid interest and premium (if any) to be immediately due and payable.


© S&P Capital IQ 2021
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Financials
Sales 2021 10 840 M 1 715 M 1 715 M
Net income 2021 520 M 82,2 M 82,2 M
Net Debt 2021 - - -
P/E ratio 2021 6,03x
Yield 2021 3,82%
Capitalization 3 055 M 483 M 483 M
Capi. / Sales 2021 0,28x
Capi. / Sales 2022 0,24x
Nbr of Employees 992
Free-Float 27,2%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 4,57 HKD
Average target price 7,76 HKD
Spread / Average Target 69,8%
EPS Revisions
Managers and Directors
Lu Jiang Liao Chief Executive Officer & Executive Director
Jun Luo Chief Financial Officer & Senior Vice President
Yi Yang Ge Chairman
Junfeng Leng Chief Operating Officer
Ho Yin Fok Independent Non-Executive Director
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