Fang holders may put 2% convertibles due 2018 at par on Dec. 15

By Susanna Moon

Chicago, Nov. 16 – Fang Holdings Ltd. notified holders of a put option Wednesday under its 2% convertible senior notes due 2018.

The convertibles are putable at par plus accrued interest to but excluding the repurchase date of Dec. 15, according to a company notice.

Holders may exercise their put option until 5 p.m. ET on Dec. 13.

Citibank NA, London branch (adolphus.jones@citi.com or jessenia.saldana@citi.com) is the trustee, paying agent and conversion agent.

Holders may direct any questions about the notice to the trustee (agencytrust.tmg.tm@citi.com, Vanessa.loh@citi.com or by fax to 852 2323 0279).

Fang Holdings, formerly SouFun Holdings Ltd., operates as a real estate internet portal in Beijing.

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