June 25, 2017 12:44 PM ET

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Company Overview of Favor Sea Ltd.

Company Overview

Favor Sea Ltd. operates as a subsidiary of China XD Plastics Company Ltd.


British Virgin Islands

Key Executives for Favor Sea Ltd.

Favor Sea Ltd. does not have any Key Executives recorded.

Favor Sea Ltd. Key Developments

Favor Sea Limited Announces Redemption of its Guaranteed Senior Notes Due 2019

China XD Plastics Company Limited has announced that its wholly owned subsidiary, Favor Sea Limited (the Issuer), intends to redeem its $150,000,000 11.75% guaranteed senior notes due 2019 (the Notes) issued under an indenture dated as of February 4, 2014 (the Indenture). In accordance with the redemption notification, dated June 30, 2016, sent by the Issuer, and the terms of the Notes and the Indenture, all of the Notes outstanding on August 29, 2016 (the Redemption Date) will be redeemed by the Issuer on the Redemption Date at a redemption price equal to 100% of the principal amount of the Notes plus the Applicable Premium (as defined in the Indenture) as of the Redemption Date (the Redemption Price) plus accrued and unpaid interest up to (but not including) the Redemption Date equal to $1,223,958.33 (the Accrued Interest). Holders of the Notes are advised that the amount of Applicable Premium will be provided to such holders approximately one to two business days prior to the Redemption Date, when such amount is finally determined in accordance with the terms of the Indenture. It is anticipated that the redemption will be funded by the company's cash and bank deposits, existing credit facilities and other funding sources.

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