BMD Holdings Ltd. Comments on Chow Tai Fook Enterprise's Baha Mar Negotiations Press Release

NASSAU, Bahamas, Oct. 28, 2016 /PRNewswire/ -- BMD Holdings Ltd. ("BMD") reiterates that it is pursuing its proposal to CEXIM to purchase Baha Mar at a higher price higher than that which CEXIM or the CEXIM-related entity, Perfect Luck Assets Limited ("Perfect Luck"), may be able to obtain from any other possible buyer. BMD further notes that the press release issued today by Chow Tai Fook Enterprises clearly states it has not reached any agreement with CEXIM or Perfect Luck regarding its potential purchase of the Baha Mar asset but rather that it only has "entered into negotiations" in this regard and provides no financial details.

BMD stated, "The fact is that a close reading of the Chow Tai Fook Enterprises press release makes clear that there is no deal between Chow Tai Fook Enterprises and CEXIM/Perfect Luck. If indeed Chow Tai Fook Enterprises and CEXIM/Perfect Luck are in negotiations, then it can only serve the interests of the seller and The Bahamas to have a competitive process to achieve the best outcome. BMD stands fully prepared to engage with the seller to achieve such."

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SOURCE BMD Holdings Ltd.