The company announced that it plans to issue RMB 1.39 bln in convertible bonds with detachable warrants and subscribers of the bonds will be issued 217 warrants. The original shareholders of the company have right of first refusal of up to 40% of the bonds to be issued.

China Gezhouba Group Corporation, the controlling shareholder of the company, promised to exercise its right of first refusal and to purchase RMB 100 mln in convertible bonds with detachable warrants.


Source: Shanghai Securities News　

Date: 23 Jun 2008

CN01/MZ/BT/KM