China's Sound Global says it is not required to purchase 11 7/8% notes

By Marisa Wong

Madison, Wis., Dec. 24 - Sound Global Ltd. clarified in a notice on Monday that it is not required to make an offer to purchase all $150 million of its outstanding 11 7/8% senior notes due 2017.

The company had announced last Friday that it would purchase the outstanding notes at a price of 101 plus accrued interest following a change-of-control event.

The Beijing-based water and wastewater treatment provider says that as of Dec. 24 no change-of-control event has occurred.

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