General Announcement::(1)RESULTS AND NEW SETTLEMENT DATE OF EXCHANGE OFFER AND (2)PROPOSED ISSUE OF SENIOR NOTES DUE 2023

Issuer & Securities

Issuer/ Manager
GANGLONG CHINA PROPERTY GROUP LIMITED
Securities
GANGLONG US$158M13.5%N221111 - XS2400313883 - JUDB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-Nov-2022 07:16:35
Status
New
Announcement Sub Title
(1)RESULTS AND NEW SETTLEMENT DATE OF EXCHANGE OFFER AND (2)PROPOSED ISSUE OF SENIOR NOTES DUE 2023
Announcement Reference
SG221103OTHRYBC5
Submitted By (Co./ Ind. Name)
GANGLONG CHINA PROPERTY GROUP LIMITED
Designation
IR Department
Description (Please provide a detailed description of the event in the box below)
(1) RESU LTS AND NEW SETTLEMENT DATE OF THE EXCHANGE OFFER FOR THE OUTSTANDING 13.5% SENIOR NOTES DUE 2022 (ISIN: XS2400313883/COMMON CODE: 240031388) AND
(2) PROPOSED ISSUE OF US$145,000,000 13.5% SENIOR NOTES DUE 2023 (ISIN: XS2545 232832/COMMON CODE: 254523283)

Reference is made to the announcements of the Company dated October 26, 2022 and November 1, 2022 (the Announcements ), in relation to the Exchange Offer. Unless otherwise defined, capitalized terms in this announcement will have the same meaning as those defined in the Announcements.

RESULTS AND NEW SETTLEMENT DATE OF THE EXCHANGE OFFER

The Exchange Offer expired at 4:00 p.m., London time, on November 2, 2022. The Company hereby informs Eligible Holders that, as at the Exchange Expiration Deadline, US$145,000,000 of the Existing Notes, representing approximately 91.8% of the total aggregate principal amount of the outstanding Existing Notes, have been validly tendered for exchange and accepted pursuant to the Exchange Offer.

The Company hereby announces that, with immediate effect, the Settlement Date has been rescheduled, and with respect to the Existing Notes submitted for exchange, subject to the fulfillment or waiver of all other conditions precedent to the Exchange Offer, the delivery of the Exchange Consideration to Eligible Holders whose Existing Notes have been validly
tendered and accepted for exchange is expected to occur on or about November 9, 2022 (the New Settlement Date ) and listing of the New Notes on the SGX-ST is expected to occur on or about November 10, 2022.

PROPOSED ISSUE OF THE NEW NOTES

Upon completion of the Exchange Offer, the Company will issue US$145,000,000 in aggregate principal amount of 13.5% senior notes due 2023 (the New Notes ).

Please see attached announcement for further details.

Attachments

RESULTS AND NEW SETTLEMENT DATE OF THE EXCHANGE OFFER FOR THE OUTSTANDING SENIOR NOTES AND PROPOSED ISSUE OF SENIOR NOTES.pdf
Total size =195K