China Green will not issue 5½% bonds due 2024

Chicago, Oct. 12 – China Green (Holdings) Ltd. will not issue its proposed $30 million three-year bonds with a 5½% coupon that were announced earlier in the year, according to a press release.

Placement of the bonds was going to be made on a best-efforts basis by Forest Resources Management Ltd.

The underwriter initially had until Oct. 9 to procure subscribers for the bonds.

No formal agreement took place and the agreement has not been extended.

There will no material adverse impact on the business or the financial position of the group.

China Green is a Hong Kong-based investment holding company that grows, processes and sells agricultural products and makes consumer food products.

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