October 11, 2008

Liugang plans to issue CNY 2 billion convertible bonds

Liugang has announced that it is planning to issue not more than CNY 2 billion convertible bonds that is not more than 20 million sheets of bonds at par CNY 100 per sheet.

The former A share shareholders of the company have the priority subscription rights. The term of the bonds is for 6 years since the date of the issue of convertible bonds.