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RTNominal up10.800 +0.890 (+8.981%)

17/11/2020 11:33

CST Group (00985) buys notes of Evergrande (03333)

[ET Net News Agency, 17 November 2020] CST Group Limited (00985) said its subsidiary
Skytop Technology Limited has acquired an aggregate principal amount of US$3 million of 9%
China Evergrande Notes Due 2021 and an aggregate principal amount of US$5.5 million of
11.5% China Evergrande Notes Due 2022 on the open market at an aggregate consideration of
approximately US$2.92 million and approximately US$4.96 million, respectively.
The acquisitions form part of the group's principal business activities in investment in
financial instruments and present an opportunity for the group to have a stable return.

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