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Biostime to Issue Additional CNY600mn Convertible Bonds

February 14, 2014

BEIJING, February 14, SinoCast -- Biostime International Holdings Limited (SEHK: 1112) will further issue additional CNY 600 million zero-interest convertible bonds to expire in 2019 as its manager HSBC exercised all the options.

The initial share swap price is CNY 90.84 a share and the number of shares to able to be swapped will account for 1.04% of the enlarged capital stock. Plus bonds issued, net raised capital of about CNY 3.041 billion will be used to expand the existing business and for general corporate purposes.

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Source: Sinocast Consumer Products Beat (China)

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