They have completed the Sichun plant and the capital expenditure has been completed. I don't know if this note is replaced by other lower interest loan or cash, but it is a good news anyway.
I am more excited about the new plant going into production from now, it will contribute to revenue and income for the next several years.
I revisited seeking alpha 4/8/16 article "xinyuan real estate: the foundation is set for another 50% return". Well, this article hit the nail right on. Xinyuan has appreciated a lot since then. 2016 is going to be a very good year for Xinyuan.
US investors avoid chinese reverse-merger company like a plague. I have invested into two companies which went belly-up. They simply delisted from US stock market and the CEO just ignore US investors. Stock become worthless and you can do nothing about it.