Wanda Hotel Development (HKG:0169) said its subsidiary intends to enforce a mortgage on a Chicago property to recover the defaulted deferred amount on a payment of approximately $293 million for subordinated notes, according to its Thursday filing.
An enforcement agreement was signed on Dec. 30, 2024, allowing the seller, Wanda Chicago Real Estate, a non-wholly owned subsidiary of the company, to take possession of selected condominium units without interference, in exchange for not suing the deferred amount borrower or guarantor, except under certain conditions.
An impairment loss of US$126 million related to this default was recognized in the company's interim report.
Despite this, the board assures shareholders that the group's revenue-generating operations remain robust and are expected to continue providing stable revenue.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。