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