Wealth Driven and Xingtao Assets jointly announce purchase offers

Chicago, June 21 – Wealth Driven Ltd. and Xingtao Assets Ltd. jointly announced offers to purchase for cash certain notes, according to an announcement.

Wealth Driven is offering to buy from its $379,762,000 outstanding 5½% senior notes due 2023 (ISIN: XS1471856424).

Xingtao is offering to buy from its €384.2 million outstanding 3.3% senior notes due 2022 (ISIN: XS1114393116).

The offer was initially capped, but was changed to an any-and-all offer.

The 2023 notes are putable, according to the indenture, starting July 6. Noteholders who have delivered a put notice should withdraw it if they want to participate in the tender offer.

In each case, noteholders are being offered par plus interest.

The expiration deadline is 11 a.m. ET on July 4. Settlement is expected for July 11.

Both series of notes are guaranteed by Fosun International Ltd.

Credit Suisse (Hong Kong) Ltd. and Deutsche Bank AG, Singapore Branch are the dealer managers.

D.F. King & Co., Inc is the information and tender agent for the offer (+44 20 7920 9700, +852 3953 7208, fosun@dfkingltd.com, https://sites.dfkingltd.com/Fosun).

The company is proactively managing its balance sheet and optimizing its capital structure with the offers. Financing for the offers will come from cash on hand.

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