[ET Net News Agency, 13 January 2020] Mingfa Group (International) Company Limited
(00846) said its placing agent has agreed to procure subscribers to subscribe and pay for
bonds with an aggregate principal amount of US$220 million. The interest rate is 15% per
annum.
The estimated net proceeds will amount to approximately US$219 million. The company
intends to use the net proceeds to refinance certain existing indebtedness of the group
and for general corporate purposes of the group. (RC)