Hili Properties plc - ‘COVID-19’ Market Update

On 8 April, Hili Properties plc issued a company announcement to confirm that it is well positioned to honour all its financial obligations including the bond interest payment due on 16 October 2020. The company also noted that in line with the guidance of national authorities in the markets in which it operates, some of its properties have temporarily closed. Nonetheless, the Company remains in close contact with all its tenants and is working to ensure that collaborative relations are maintained. Moreover, Hili Properties enacted cost containment measures and all capital expenditure plans are on hold.