China’s Zhongliang whittles debt down with more buybacks

Chicago, July 21 – Zhongliang Holdings Group Co. Ltd. conducted further buybacks of its debt on the open market, according to an announcement.

The company repurchased $5.6 million or its 11½% notes due in September, $2.5 million of its 9½% notes due in July 2022 and $1 million of its 8½% notes due in May 2022.

The company still intends, when appropriate and market conditions are right, to purchase additional notes.

Zhongliang is a Chinese residential property management company based in Shanghai.

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