Bonds News
- Tsingtao Brewery to issue bonds
Date: 13-Nov-2007 Sources: (Shenzhen Daily)
TSINGTAO Brewery Co., China's largest beermaker, said yesterday its board has approved a proposal for the issue of up to 1.5 billion yuan (US$202.16 million) in six-year bonds with warrants.
The Shanghai-listed company said subscribers would receive call warrants for every bond held. No further details were provided. Proceeds from the bond issue will be used in five new beer production projects and the expansion of its malt factory, involving total investment of 1.924 billion yuan, the company said. Meanwhile, proceeds raised from the warrants will not exceed 1.5 billion yuan.
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