General Announcement::RSA FEE DEADLINE EXPIRATION NOTICE IN RESPECT OF THE OFFSHORE DEBT RESTRUCTURING

Issuer & Securities

Issuer/ Manager
MODERN LAND (CHINA) CO., LIMITED
Securities
MODLD US$203.797M12.85%N211025 - XS1986632716 - PITB
MODERNLANDUS$200M11.8%N220226 - XS2110675860 - YXYB
MODERNLANDUS$250M11.5%N221113 - XS2202152703 - X6MB
MODERNLANDUSD150M11.95%N240304 - XS2127478316 - RUKB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Mar-2022 22:03:05
Status
New
Announcement Sub Title
RSA FEE DEADLINE EXPIRATION NOTICE IN RESPECT OF THE OFFSHORE DEBT RESTRUCTURING
Announcement Reference
SG220324OTHR4SQJ
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)
References are made to the announcements of the Company dated 25 February 2022 and 21 March 2022 in relation to, among other things, the Proposed Restructuring with respect to the Existing Notes as described therein and the implementation thereof through the Cayman Scheme (the "Announcements").

Capitalised terms and expressions used in this announcement have the same meanings as defined in the Announcements and the Restructuring Support Agreement dated 25 February 2022 among the Company and the Initial Consenting Creditors (the "RSA").

The Company is pleased to announce that, as at the RSA Fee Deadline of 5:00 p.m. Hong Kong time on 24 March 2022, creditors representing more than 75% of the outstanding principal amount of the Existing Notes had entered into the RSA in support of the Proposed Restructuring. The Company will now proceed with implementation of the Proposed Restructuring in accordance with the terms of the RSA.

Attachments

Tenacity - RSA Fee Deadline Expiration Announcement - SGX.pdf
Total size =59K