General Announcement::RESULTS OF OFFER TO PURCHASE THE OUTSTANDING 15.5% SENIOR NOTES DUE 2020

Issuer & Securities

Issuer/ Manager
MODERN LAND (CHINA) CO., LIMITED
Securities
MODERNLANDUS$150M15.5%N200702 - XS1926064541 - VH9B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
20-Mar-2020 13:59:30
Status
New
Announcement Sub Title
RESULTS OF OFFER TO PURCHASE THE OUTSTANDING 15.5% SENIOR NOTES DUE 2020
Announcement Reference
SG200320OTHR2SNP
Submitted By (Co./ Ind. Name)
Modern Land (China) Co., Limited / Zhang Peng
Designation
Director
Description (Please provide a detailed description of the event in the box below)
The Offer expired at 4:00 p.m. (London time) on 19 March 2020 (the "Expiration Deadline"). As at the Expiration Deadline, US$237,103,000 in aggregate principal amount of the Notes, representing approximately 95.05% of the total aggregate principal amount of the outstanding Notes as at such date, had been validly tendered pursuant to the Offer. The Company has decided to accept for purchase such validly tendered Notes in an aggregate principal amount of US$99,999,000 (the "Accepted Notes") with a proration scaling factor of 40.7599%. Proration will be made in accordance with the mechanism as set forth in the Offer to Purchase. The Accepted Notes repurchased by the Company will be cancelled and will cease to be outstanding on or about 25 March 2020 (the "Settlement Date").

Attachments

Phoenix III - Result Announcement SGX.pdf
Total size =251K