NOVA Group amends bond terms to provide for May 7 redemption

By Wendy Van Sickle

Columbus, Ohio, May 6 – NOVA Group Holdings Ltd. said it executed a supplemental deed poll that altered terms related to its bonds, according to a notice.

Specifically, the company said the remaining HK$36 million principal amount of outstanding bonds will be redeemed on May 7.

The amendments provide the group with flexibility related to using its financial resources to fund its operation and development and to its planning of its working capital requirements. In the absence of these amendments, the company would have to deploy more of its cash reserves and/or other financial resources for the redemption of the bonds on May 7.

NOVA Group Holdings provides exhibition organizing and project management services and is based in Hong Kong.

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