Saturn Petrochemical Holdings Limited to Hold Titan Petrochemicals Group Limited Bondholders

Saturn Petrochemical Holdings Limited to Hold Titan Petrochemicals Group Limited Bondholders' Conference Call on Restructuring Proposal

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Saturn Petrochemical Holdings Limited to Hold Titan Petrochemicals Group Limited Bondholders' Conference Call on Restructuring Proposal PR Newswire HONG KONG,

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Saturn Petrochemical Holdings Limited to Hold Titan Petrochemicals Group Limited Bondholders' Conference Call on Restructuring Proposal
PR Newswire HONG KONG, Aug. 31, 2012
HONG KONG,Aug. 31, 2012/PRNewswire/ -- Saturn Petrochemical Holdings Limited ("SPHL"), an affiliate of Warburg Pincus LLC, and SouthernPec Corporation have formed a joint venture company for the purposes of submitting a detailed proposal ("Proposal") to restructure Titan Petrochemicals Group Limited ("Listco") to joint provisional liquidators, who are expected to be appointed by theBermudaCourt onSeptember 18, 2012, pursuant to a petition and a summons filed by SPHL onJuly 5, 2012andAugust 24, 2012respectively. SPHL will host a Listco bondholders' conference call to outline the Proposal at 5:00p.m.Beijing/Hong Kong Time onTuesday, September 4, 2012.
Participants Dial-In Numbers: International Toll Dial-In Number: Local Dial-In Number(s): Australia, Sydney China, Domestic China, Domestic Hong Kong United Kingdom, London United States, New York International Toll Free Dial-In Number(s): Australia Hong Kong United Kingdom United States Conference ID: 26603977
+65 67239381
+61 290090733 4006208038 8008190121 85224750994 +44 2030598139 17183541231
1800457076 800930346 08082346646 18665194004
For media enquiries, please contact: Pui Shan Lee FTI Consulting +86 21 5108 8002 ext.178 ps.lee@fticonsulting.com