“ ” “; ”;; Hongkong Stock Code: 3900) today announced the approval of the existing negotiable instrument, and change the part of the contract terms of the company's three batch of existing bonds. Moumou also announced that invite existing 2018 and 2019 due holders of U.S. dollar notes and swap existing dollar bonds for dollar bonds maturing in 2020, which is a Hong Kong listed company first exchange offer case. The new issue bonds more access to the company's largest shareholder of China Communications Construction Group Co., Ltd. (China Group) to strongly support, with the support of the China group to provide a good agreement to maintain a good agreement and the purchase of shares of a strong credit support.

      the agreement to amend the terms of the contract and the exchange offer will expire in July 30th. The three batch of the terms of the contract to change the bond, including the 2500000000 yuan in 2016 due to the priority of the 5.625% yuan, the 2018 maturity of $8.50% in 700000000 priority bills, as well as the 2019 maturity of $8% 500000000 priority notes. After the two batch of U.S. dollar bonds, can also be exchanged into a new issue of bonds issued in 2020, the lowest interest rate and yield of new bonds is expected to be released in July 27th or before and after the final pricing is expected to be released in August 4th.

      “ exchange bonds can be extended part of the debt maturity, coupled with the modification of the current debt terms, to help enhance the flexibility of certain future financing for the company's healthy development and achieve strategic objectives, to provide a more solid financial foundation. We grasp the opportunities of China's real estate market warmer to roll over debts, but also to avoid the possible future market volatility for the refinancing of uncertainty.

& nbsp; & nbsp; & nbsp; of issuing new bonds maturing in 2020 years, attached to pay group to maintain good agreement and equity purchase agreement promised to increase trust. According to the dimension of good agreement, the group committed to the commitment to a certain shareholding of not less than 25%, and to maintain a real estate platform for such as the only overseas listing. Currently, the group has issued a certain share of about 28.9%.

& nbsp; & nbsp; & nbsp; China XX said: & ldquo; the company's largest shareholder, cross group for the new debt issued by the trust, fully demonstrate the certain support and commitment. Which will promote certain credit level of ascension, the Moumou by the new for old initiatives to reduce financing costs, and further optimize the debt structure, for the rapid development of certain sustained and healthy escort. ”