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Prospect News home > News index > List of issuers Tenders > Headlines for 2020 > News item
Published on 5/12/2020 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Zhongsheng plans to buy back zero-coupon convertibles due 2023

By Rebecca Melvin

New York, May 12 – Zhongsheng Group Holdings Ltd. is proposing to repurchase its existing HK$4.7 billion zero-coupon convertible bonds due 2023, according to a company announcement on Tuesday.

The company has appointed Merrill Lynch (Asia Pacific) Ltd. and Morgan Stanley & Co. International plc as dealer managers to lead the planned buyback.

Zhongsheng Group is an automotive retail and services company based in Beijing.


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