General Announcement::Termination of the Consent Solicitation in respect of 12.85% Senior Notes Due 2021

Issuer & Securities

Issuer/ Manager
MODERN LAND (CHINA) CO., LIMITED
Securities
MODLD US$203.797M12.85%N211025 - XS1986632716 - PITB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
20-Oct-2021 21:24:21
Status
New
Announcement Sub Title
Termination of the Consent Solicitation in respect of 12.85% Senior Notes Due 2021
Announcement Reference
SG211020OTHR9RCS
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)
Reference is made to the announcement of Modern Land (China) Co., Limited (the "Company") dated 11 October 2021 (the "Announcement") in relation to the solicitation of consents to effect certain Proposed Amendments to the Indenture. Capitalized terms used herein but not defined shall have the meanings ascribed to them in the Announcement.

As of the date of this announcement, the Company continues to experience liquidity issues and has determined that consummation of the Consent Solicitation and effecting the Proposed Amendments will not be in the best interest of the Company and other stakeholders of the Company, including holders of the Notes. As such, the Company has determined not to accept consents delivered by Eligible Holders pursuant to the Consent Solicitation, and is terminating the Consent Solicitation with immediate effect. No Consent Fee will be paid as a result of the termination of the Consent Solicitation.

Attachments

Reunion IV - Termination Announcement.pdf
Total size =85K