China Milk Products to spend up to $40 million in tender for convertibles

New York, March 30 - China Milk Products Group Ltd. announced a tender offer in which it plans to spend up to $40 million buying back some of its $150 million zero-coupon convertible bonds due 2012.

Investors must submit their tender applications by 11:59 a.m. ET on April 1 to ABN Amro Bank NV.

China Milk plans to announce by 7:30 p.m. ET on April 1 on the expiration or expiration of the tender.

Confirmations will be sent out and must be returned by 9 a.m. ET on April 6.

The company will announce by 7:30 p.m. ET on April 7 the total cash amount it will pay and the amount of bonds it will repurchase.

Settlement is expected on April 13.

ABN Amro Bank NV, Singapore Branch is the dealer manager.

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