China Huiyuan to issue $150m bonds to Singapore's Temasek
It aims to expand its investor base.
According to a report by Reuters, China Huiyuan Juice Group Ltd will issue $150 million worth of convertible bonds to a unit of Singapore state investor Temasek Holdings (Private) Ltd, as China's top pure fruit juice producer aims to expand its investor base.
Huiyuan said it will issue the bonds due 2019 to Temasek's Baytree Investments (Mauritius) Pte Ltd. Temasek will indirectly hold 7.68 percent of the enlarged share capital of Huiyuan on full conversion of the bonds.
Read full report here.