China’s Zhongliang repurchases $9 million more notes due 2021, 2022

Chicago, Sept. 27 – Zhongliang Holdings Group Co. Ltd. repurchased another $9 million of notes from two series between Sept. 17 and Sep. 27, according to a press release.

The group purchased $7 million, or 3.5% of the amount originally issued, of the 8 7/8% notes due November 2021.

The group also purchased $2 million, or 0.8% of the amount originally issue, of the 7½% notes due January 2022.

The notes may or may not be canceled, subject to the board’s discretion.

The company will continue to monitor market conditions and its financial structure and may further repurchase notes when appropriate.

Zhongliang is a residential property management company based in Shanghai.

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