China’s Zhongliang buys back $20.4 million more 7½% notes due 2022

By William Gullotti

Buffalo, N.Y., Jan. 4 – Zhongliang Holdings Group Co. Ltd. purchased an additional $20.4 million of its 7½% senior notes due January 2022, according to a company announcement on Tuesday.

The notes were purchased between Dec. 22 and Jan. 4.

With the most recent buyback, Zhongliang has now purchased a total of $89.01 million, or 35.6%, of the $250 million notes originally issued.

The company said it will monitor market conditions and its financial structure and may make further repurchases of the notes.

Zhongliang is a residential property management company based in Shanghai.

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