General Announcement::NOTICE OF FURTHER EXTENSION OF LONGSTOP DATE AND ANTICIPATED RESTRUCTURING EFFECTIVE DATE

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
04-Nov-2022 18:46:51
Status
New
Announcement Sub Title
NOTICE OF FURTHER EXTENSION OF LONGSTOP DATE AND ANTICIPATED RESTRUCTURING EFFECTIVE DATE
Announcement Reference
SG221104OTHR7VPD
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 Modern Land (China) Co., Limited (the "Company") dated 25 February 2022, 21 March 2022, 24 March 2022, 1 June 2022, 30 June 2022, 6 July 2022, 29 July 2022, 5 August 2022, 12 August 2022, 26 August 2022, 9 September 2022, 23 September 2022, 7 October 2022 and 14 October 2022 in relation to, among other things, the Proposed Restructuring with respect to the Existing Notes. Terms used in this Notice have the same meaning as in the explanatory statement (the "Explanatory Statement") relating to the scheme of arrangement under section 86 of the Cayman Islands Companies Act (2022 Revision) between the Company and the Scheme Creditors (the "Scheme").

The Company hereby announces that:

(i) the Majority Consenting Creditors have consented to a further extension of the Longstop Date in accordance with the terms of the Scheme and the RSA to 11 November 2022, or such later date as the Company may elect to extend to with the prior written consent of the Majority Consenting Creditors. The Restructuring Effective Date is anticipated to occur on or before 11 November 2022, subject to the satisfaction or waiver of the Restructuring Effective Date Conditions in accordance with the terms of the Scheme; and

(ii) this Notice is circulated for the purpose of clause 9.4 of the Scheme.

Attachments

Tenacity Announcement Notice of Further Extension of Longstop Date Anticipated RED 1104.pdf
Total size =240K