July 3, 2014 / 10:06 AM / in 4 years

BRIEF-China Hongbo not issuing bonds, unit signs agreement with China Unicom's Fujian branch

July 3 (Reuters) - Hongbo Co Ltd

* Says unit signs agreement with China Unicom’s Fujian branch on lottery ticket sales

* Says will not issue bonds worth up to 330 million yuan ($53.13 million) within approved timeframe as issue plan was unable to reduce financing costs

Source text in Chinese: bit.ly/1qpX11m; bit.ly/1qAJcP9

Further company coverage: ($1 = 6.2115 Chinese Yuan Renminbi) (Reporting by Hong Kong and Singapore newsrooms)

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