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BRIEF-Yingli Green Energy announces update in relation to medium-term notes
September 1, 2017 / 10:26 AM / 25 days ago

BRIEF-Yingli Green Energy announces update in relation to medium-term notes

Sept 1 (Reuters) - Yingli Green Energy Holding Co Ltd

* Yingli Green Energy - ‍one of holders of medium-term notes due May 12, 2016, medium-term notes due October 13, 2015 filed lawsuit against Tianwei Yingli​

* Yingli Green Energy - ‍principal amount of MTNs held by note holder alleged to be RMB65.7 million

* Yingli Green Energy Holding Co Ltd - company does not expect lawsuit to have any direct material impact on company’s overall operation

* Yingli Green Energy Holding Co Ltd - ‍note-holders filed lawsuit against Tianwei Yingli in PRC court to recover amount due under such medium-term notes​

* Yingli Green Energy - notified all holders of MTNs of lawsuit, expects to hold meetings with them to discuss debt restructuring, strategic alternatives

* Yingli Green Energy - ‍note holder claimed Tianwei Yingli to repay principal, interest, overdue penalty on MTNs for RMB74.4 million, bear costs regarding lawsuit​ Source text for Eikon: Further company coverage:

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