Renhe to Issue Further $300 Million of 13% Senior Notes Due 2016

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.

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