Xinhu Zhongbao Co.,Ltd. Repurchases an Aggregate Principal Amount of USD 86,300,000
March 16, 2021 at 06:11 am EDT
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On 14 March 2021, Xinhu Zhongbao Co.,Ltd. has in total repurchased an aggregate principal amount of USD 86,300,000 (the "Repurchased Notes") upon bondholders' request in accordance with the Indenture, representing approximately 31.38% of the aggregate principal amount of the Notes outstanding. As of the date of this announcement, the Repurchased Notes have been cancelled and the outstanding principal amount of the Notes is USD 188,700,000.
Xinhu Zhongbao Co Ltd is a China-based company principally engaged in the development and sales of real estate. The Company operates its businesses through four segments. The Real Estate segment is principally engaged in the development and sales of real estate. The Commercial Trading segment is mainly engaged in commercial trading business. The Tidal Flat Development segment is mainly engaged in the Tidal Flat Development business. The Other segments are mainly engaged in property management and investment businesses. The Company's real estate projects include residential construction projects, office building projects, and commercial construction projects. The Company's real estate business is distributed in China's Zhejiang Province, Shandong Province, Liaoning Province, Jiangsu Province, Jiangxi Province, Tianjin City and Shanghai City.
XINHU ZHONGBAO CO.,LTD. 
