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Prospect News home > News index > List of issuers Z > Headlines for Zhongsheng Group Holdings Ltd. > News item
Published on 5/3/2018 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Zhongsheng plans to buy back zero-coupon convertibles due 2018

By Marisa Wong

Morgantown, W.Va., May 3 – Zhongsheng Group Holdings Ltd. is proposing to repurchase its existing HK$2.35 billion zero-coupon convertible bonds due Oct. 25, 2018, according to a company announcement.

The company has appointed J.P. Morgan Securities plc as dealer manager for the planned buyback.

Zhongsheng Group is an automotive retail and services company based in Beijing.


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