China Liansu (HKG:2128) Repurchases US$31.3M Notes Due '16

   Date:2012-01-04

Referring to the US$300 million 7.875% senior notes due 2016 it issued in May, China Liansu Group (HKG:2128) said that it has repurchased US$31.3 million in aggregate principal amount of the notes. The aggregate repurchase consideration, including accrued interest, for the repurchased notes was US$27.052 million. The repurchased notes were cancelled.

Upon completion of the cancellation of the repurchased notes, the outstanding principal amount of the notes was US$268.7 million. The company may continue to repurchase a portion of the outstanding notes.



 

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