FAR EAST CONSORTIUM

35
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2.39HKD +2.58%

(1) Repurchase of 3.75 per cent. notes due 2021 (Stock Code: 4310) (2) Repurchase of 4.5 per cent. notes due 2023 (Stock Code: 5011)

09/15/2020 | 07:10am

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for informational purposes only and is not for distribution, directly or indirectly, in or into the United States. This announcement does not constitute or form a part of an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act. No public offering of the securities referred to herein will be made in the United States.

FAR EAST CONSORTIUM INTERNATIONAL LIMITED

遠 東 發 展 有 限 公 司*

(Incorporated in the Cayman Islands with limited liability)

Website: http://www.fecil.com.hk

(Stock Code: 35)

  1. Repurchase of 3.75 per cent. notes due 2021 (Stock Code: 4310)
  2. Repurchase of 4.5 per cent. notes due 2023 (Stock Code: 5011)

Reference is made to (1) the announcement dated 8 September 2016 in relation to the notice of listing of the US$300,000,000 3.75 per cent. notes due 2021 (the "2021 Notes") issued by Far East Consortium International Limited (the "Company", together with its subsidiaries, the "Group") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), and

  1. the announcement dated 13 November 2017 in relation to the notice of listing of the US$150,000,000 4.5 per cent. notes due 2023 (the "2023 Notes", together with the 2021 Notes, the "FEC Notes") issued by the Company on the Stock Exchange.

The Group reviews periodically its liquidity position. Subject to capital expenditure plan and overall cash flows of the Group, the Group may seek to repurchase the FEC Notes.

  • For identification purposes only

- 1 -

During the current financial year (from 1 April 2020 to the date of this announcement), the Company, through its wholly-owned subsidiary, has repurchased the following FEC Notes (the "Repurchased Notes"):

Aggregate

Percentage of

the aggregate

principal amount

principal amount

repurchased

originally issued

2021 Notes

US$13,370,000

4.46%

(equivalent to

approximately

HK$104,018,600)

2023 Notes

US$8,225,000

5.48%

(equivalent to

approximately

HK$63,990,500)

The Repurchased Notes are expected to be cancelled as soon as practicable.

The Company and/or its subsidiaries may or may not repurchase further notes in the future. Noteholders and potential investors should note that any purchase of the notes from time to time by the Company and/or its subsidiaries will be at the Company's and or its subsidiaries' sole and absolute discretion. There is no assurance of the timing, amount or price of any repurchase of the notes or whether the Company and/or its subsidiaries will make any further repurchase at all. Noteholders and potential investors should therefore exercise caution when dealing in any notes.

For the purpose of this announcement and for illustration purpose only, conversion of US$ to HK$ is based on the exchange rate of US$1 to HK$7.78. No representation is made that any amounts in US$ have been or could be converted at the above rate or any other rates.

By order of the Board of

Far East Consortium International Limited

Wai Hung Boswell CHEUNG

Company Secretary

Hong Kong, 15 September 2020

As at the date of this announcement, the Board comprises five executive directors, namely Tan Sri Dato' David CHIU, Mr. Cheong Thard HOONG, Mr. Dennis CHIU, Mr. Craig Grenfell WILLIAMS and Ms. Wing Kwan Winnie CHIU; and three independent non-executive directors, namely Mr. Kwok Wai CHAN, Mr. Kwong Siu LAM and Mr. Lai Him Abraham SHEK.

- 2 -

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Disclaimer

Far East Consortium International Ltd. published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 11:09:00 UTC

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