Fourcore Tech Finance Faces Delay in Bond Interest Payment

Fourcore Tech Finance Ltd, previously known as Cardea Luna Capital Partners Ltd, announced a delay in the interest payment on its 10% corporate bond, initially due on 28 February 2025. The company committed to settling the payment within 30 days, adhering to the bond's terms.

To ensure compliance with this timeline, Fourcore is negotiating a deferral agreement with key creditors. These talks include potentially exchanging existing bonds for new ones offering a 10.25% interest rate, maturing on 16 September 2029.

The company will provide updates to the market and public as required by regulation. Fourcore is listed on the Frankfurt Stock Exchange's Basic Board.