Guosen event of default still pending on auditor confirmation

Guosen Securities (Overseas) Company Limited, which said on March 31 that no event of default had occurred on its CNH bonds, issued another notice to bondholders on the same day via trustee Bank of New York Mellon. The new notice, obtained by GlobalRMB, said that Guosen’s auditor RSM Hong Kong is yet to provide confirmation about certain write-offs in the guarantor’s financial accounts, which would determine whether an event of default occurred or not.