Referring to the US$300 million 7.875% senior notes due 2016, China Liansu Group (HKG:2128) announced that it had repurchased US$9.82 million in aggregate principal amount of the notes. The aggregate repurchase consideration, including accrued interest, for the repurchased notes is approximately US$8.88 million which was financed through internal cash reserve.

The repurchased notes were cancelled and upon completion of the cancellation of the repurchased notes, the outstanding principal amount of the notes is US$258.88 million. The company may continue to repurchase a portion of the outstanding notes at such times and on such terms as it deems appropriate from time to time.

Source:chinesestock.org