China YuHua Education intends to start repurchasing 0.9% convertibles

Chicago, Oct. 17 – China YuHua Education Corp. Ltd. announced that it plans to start repurchasing its HK$2,088,000,000 0.9% convertible bonds due 2024, in the open market or otherwise, according to a press release.

The company will be looking at well-timed purchases, when the market price is at an appropriate level. The company will pay the prevailing market price to repurchase the bonds and then will cancel the bonds repurchased.

China YuHua is a Zhengzhou, China-based provider of private education services.

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