China Touyun Tech redeems $13 million of 7% convertibles due 2019

By Marisa Wong

Morgantown, W.Va., Aug. 31 – China Touyun Tech Group Ltd. redeemed $13 million of its 7% convertible bonds due 2019 on Friday, according to a notice.

The company redeemed the bonds for about $13.6 million together with interest of roughly $300,000.

Following the redemption, the outstanding principal amount of the bonds is $27 million.

The Hong Kong-based investment holding company designs, manufactures and sells packaging products.

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