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China Ruifeng Renewable Energy Holdings Limited proposes issue of up to HK$150,000,000 7 pct per annum bonds due 2021

Thursday, 10 Jul 2014 09:25am EDT 

China Ruifeng Renewable Energy Holdings Limited:Enters into the placing agreement with Convoy, whereby the company has agreed to issue and Convoy has agreed, to act as placing agent to procure subscribers to subscribe for the Bonds of up to HK$150,000,000 in principal amount.Maximum gross and net proceeds from the Bonds Issue will be about HK$150,000,000 and HK$138,000,000.Intends to use the net proceeds from the Bonds Issue for settling any liabilities arising from previous acquisitions of business by the Group and general working capital of the Group. 

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