New Issue: Hong Kong's Fu Ji Food prices HK$600 million 0% convertibles to yield 5.75%, up 13.29%

New York, Sept. 27 - Fu Ji Food and Catering Services Holdings Ltd. said it priced HK$600 million of 0% convertible bonds to yield 5.75% with a 13.29% initial conversion premium.

J.P. Morgan Securities Ltd. is lead manager for the Regulation S offering.

Fu Ji, a Hong Kong-based catering services company, will use proceeds to expand its production capacity by building a new centralized processing center in Shanghai, China. Proceeds will also be used for working capital.

Issuer:	Fu Ji Food and Catering Services Holdings Ltd.
Issue:	Convertible bonds
Amount:	HK$600 million
Maturity:	Oct. 14, 2010
Coupon:	0%
Price:	100
Redemption price:	132.769
Yield:	5.75%
Conversion premium:	13.29% over close on Sept. 26, 13.49% over volume weighted average price on Sept. 26
Conversion price:	HK$10.253
Call:	Oct. 14, 2008 onwards at price to give yield of 5.75%, subject to 130% hurdle
Put:	Oct. 14, 2008 at price to give yield of 5.75%
Lead manager:	J.P. Morgan Securities Ltd.
Pricing date:	Sept. 26, after close
Settlement:	Oct. 14
Distribution:	Regulation S

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