Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of an offer to sell any securities and neither this announcement nor anything herein forms the basis for any contract or commitment whatsoever. This announcement does not constitute, and may not be used in connection with, any form of offer or solicitation in any place where such offers or solicitations are not permitted by law.

CIFI Holdings (Group) Co. Ltd.

旭 輝 控 股( 集 團 )有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 00884)

PARTIAL REDEMPTION AND CANCELLATION OF

SENIOR NOTES DUE 2020

(ISIN: XS1160444391; Common Code: 116044439; Stock Code: 5523)

Reference is made to the announcements of CIFI Holdings (Group) Co. Ltd. (旭輝控股 (集團)有限公司) (the "Company") dated 27 May 2015, 28 May 2015 and 5 June 2015 (collectively, the "Announcements") which were published on the website of the Stock Exchange in relation to the issuance of 7.75% Senior Notes due 2020 (the "Notes"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the Announcements. The Notes are listed on the Stock Exchange.

Pursuant to the terms of the indenture dated as of 5 June 2015 (as amended or supplemented from time to time, the "Indenture"), among the Company, the entities listed on Schedule I thereto as Subsidiary Guarantors and Citicorp International Limited as Trustee, entered into in connection with the issuance of the Notes, the Company announces today that it has informed the Trustee and holders of the Notes to redeem part of the outstanding Notes of an aggregate principal amount of US$150,000,000 on 5 June 2019 (the "Redemption Date"), at a redemption price equal to 101.9375% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but not including) the Redemption Date (the "Redemption").

As at the date of this announcement, the outstanding principal amount of the Notes is US$400,000,000. The Company will satisfy the Redemption payment by using internal funds.

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Upon redemption of the Notes on the Redemption Date, the Notes for redemption will be cancelled and the principal amount of the Notes remaining outstanding will be US$250,000,000.

By order of the Board

CIFI Holdings (Group) Co. Ltd.

LIN Zhong

Chairman

Hong Kong, 3 May 2019

As at the date of this announcement, the Board comprises Mr. LIN Zhong, Mr. LIN Wei, Mr. LIN Feng, Mr. CHEN Dongbiao and Mr. YANG Xin as executive Directors; Mr. WANG Wei as non-executive Director; and Mr. GU Yunchang, Mr. ZHANG Yongyue and Mr. TAN Wee Seng as independent non-executive Directors.

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CIFI Holdings Group Co. Ltd. published this content on 03 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2019 14:12:05 UTC