Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Lijun International cancels RMB 16 million zero-coupon convertibles
By Susanna Moon
Chicago, Dec. 14 - Lijun International Pharmaceutical (Holding) Co., Ltd. said it agreed to accept the RMB 16 million principal amount of zero-coupon convertibles bonds for cancellation at the consideration of HK$19,068,000.
Lijun said the consideration was agreed upon after "arm's length negotiations" between the company and bondholders with reference to the prevailing market conditions and bond terms.
The consideration will be settled in cash by means of bank borrowing, according to a press release.
After the cancellation, bondholders hold RMB 23 million principal amount of the outstanding bonds.
Lijun is a Hong Kong-based pharmaceutical manufacturer.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.