• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Unit of SMCP’s majority shareholder fails to redeem bonds

September 23, 2021 by David Barret Leave a Comment

September 23, 2021

PARIS (Reuters) – French fashion company SMCP, whose brands include Sandro and Maje, said on Thursday that European TopSoho – a unit of its majority shareholder – had failed to redeem 250 million euros ($293 million) of bonds exchangeable into SMCP shares.

“European TopSoho has until September 30 (inclusive) to remedy this default”, said SMCP in a statement.

“To SMCP’s knowledge, the shares underlying the bonds and pledged in this context represent 37% of the share capital of SMCP,” it added.

SMCP said the situation did not call into question its own funding and operations, and SMCP shares were up 5.6% by 0855 GMT.

Shandong Ruyi holds 53% of the share capital of SMCP, and European TopSoho is one of its units. Neither company immediately responded to emailed requests for comment.

($1 = 0.8530 euros)

Source Link Unit of SMCP’s majority shareholder fails to redeem bonds

David Barret
David Barret

Related posts:

  1. China Evergrande bonds fall sharply on default worries, onshore bond temporarily suspended
  2. Two UK tech figures plan to row the Atlantic for charity supporting minority entrepreneurs
  3. Microsoft now more focused on ‘killing Zoom’ than Slack, says Stewart Butterfield
  4. Fed’s Powell says changes needed in rules for officials’ investing

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • What Are The White Stripes You Find On Chicken Breasts?
  • The Biggest Explosion Event Since The Big Bang, Dead Sea Scrolls May Have Been Written By Original Authors Of The Bible, And Much More This Week
  • The Strange “Egg-Laying” Rockfaces Of Planet Earth
  • One Of The World’s Largest And Rarest “Fancy Red” Diamonds Has Been Studied For The First Time
  • The Simple Rule That Seems To Govern How Life Is Organized On Earth
  • This Paradisiacal Island In The Philippines Had Advanced Maritime Culture 35,000 Years Ago
  • Neanderthals Faced A Catastrophic Population Collapse 110,000 Years Ago
  • Why Travelers Are Putting Their Luggage In Hotel Bathtubs
  • NSFW Video Shows Two Male Gray Whales Seemingly Having Sex
  • Space Explosions, Dead Sea Scrolls, And Why It’s So Hard To Sex A Dino
  • This Image Of Earth (And Saturn) Will Change You
  • Watch Inquisitive Humpback Whales Blow Bubble Rings At Whale Watchers
  • How Long Did Neanderthals Live For?
  • Want To Use Dragons As Dice? Now You Can, Thanks To Math
  • Why Did Humans Start Using Fire? New Theory Suggests It Wasn’t To Cook Food
  • Controversial “Alien’s Math” Has A New Translator. Can He Reform Its Reputation?
  • How To Watch A Rare Daytime Meteor Shower This Weekend
  • Over 250 Years After Captain Cook Arrived In Australia, Final Resting Place Of HMS Endeavour Confirmed
  • Over 1 Trillion Dollars’ Worth Of Precious Metals Are Hiding In Lunar Craters, Study Suggests
  • What Happened To Marco Siffredi? The First Person To Snowboard Down Mount Everest
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version