---
title: "\"Little Liu\" Liu Luanhong plans to fully acquire LIFESTYLE CHI's USD 350 million bonds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283297449.md"
description: "The controlling shareholder Liu Luanhong plans to fully purchase LIFESTYLE CHI's USD 350 million bonds, with an interest rate of 4.8%. This full purchase is being handled by UBS Private Banking, and Liu Luanhong intends to buy at face value in the secondary market. Liu Luanhong currently holds approximately USD 161 million of the bonds and plans to complete the acquisition before the maturity date on June 18, 2023. LIFESTYLE CHI primarily engages in department store business, with brands including Sogo, and is expected to complete the Kai Tak Twin Towers in 2024"
datetime: "2026-04-20T05:25:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283297449.md)
  - [en](https://longbridge.com/en/news/283297449.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283297449.md)
---

# "Little Liu" Liu Luanhong plans to fully acquire LIFESTYLE CHI's USD 350 million bonds

Sogo and the operator of Kai Tak Twin Parks, Lifestyle International, announced that the controlling shareholder, "Little Liu" Liu Luanhong, proposed a full purchase of a USD 350 million bond listed in Hong Kong. It is understood that this full purchase has been entrusted to UBS Private Banking for handling.

The bond in question is a guaranteed bond of USD 350 million with an interest rate of 4.8%, and Liu Luanhong intends to purchase the entire amount at face value in the secondary market.

## Lifestyle International was privatized in 2022

Lifestyle indicated that Liu Luanhong currently holds approximately USD 161 million in principal amount of the bond and plans to complete this acquisition intention before the maturity date on June 18 of this year.

Lifestyle International is engaged in department store operations and licensed counter sales, with its flagship brand being Sogo. The Kai Tak Twin Parks landmark under its brand is set to be completed in 2024. Lifestyle International was privatized in 2022

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