Zhongliang repurchases some of its 8 7/8% notes due in November

By Rebecca Melvin

Concord, N.H., Oct. 22 – Zhongliang Holdings Group Co. Ltd. repurchased $12 million 8 7/8% notes due November 2021, representing about 6% of the issue, according to a regulatory notice.

The purchases were made in the open market between Oct. 21 and Oct. 22.

Prior to these purchases, the issuer had purchased $45 million of notes, representing about 22.5% of the issue, which was initially $200 million in size.

The repurchased notes may or may not be canceled. The issuer will continue to monitor market conditions and its financial structure and may further repurchase its senior notes as appropriate.

The residential property management company is based in Shanghai.

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