BBMG places RMB 2.81 billion of convertible bonds

By Rebecca Melvin

New York, Nov. 10 – BBMG Corp. announced that it has placed RMB 2.81 billion convertible bonds, including RMB 1.97 billion bonds, or 19.7 million units, preferentially to shareholders, and RMB 842,464,600 via subscription.

The bonds were placed on Nov. 5 and Nov. 9. They are being issued by subsidiary Tangshan Jidong Cement Co., Ltd.

The issuer previously said it would be issuing six-year convertible bonds to fund various cement kiln processing projects.

BBMG is a Beijing-based cement company.

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