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Renhe Will Issue Further $300 Million of 13% Senior Notes to Joseph Lau

Renhe Commercial Holdings Co. will issue a further $300 million of 13 percent senior notes due 2016 to Chinese Estates Holdings Ltd. Chairman Joseph Lau, Renhe said in a Hong Kong stock exchange filing.

The company will use the money to fund existing projects and to acquire and develop new projects, Renhe said today.

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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