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China’s Zhongliang buys $14 million 7½% notes due January 2022
Chicago, Nov. 29 – Zhongliang Holdings Group Co. Ltd. said that it purchased $14 million, or 5.6%, of the $250 million original principal amount of 7½% senior notes due January 2022, according to a press release.
The notes were purchased between Nov. 19 and Nov. 26.
With the most recent repurchase, Zhongliang has now purchased a total of $35.81 million, or 14.32%, of the notes.
The company will monitor market conditions and may further repurchase notes and will, if necessary, make further announcements regarding every subsequent 5% interval.
Zhongliang is a residential property management company based in Shanghai.
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