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Hong Kong-based Man Sang redeems HK$400 million bonds due 2018
By Marisa Wong
Morgantown, W.Va., Aug. 18 – Man Sang International Ltd. said it redeemed its HK$400 million bonds due 2018 on Aug. 18.
The early redemption was funded entirely with a returned deposit previously paid by the company for an acquisition. The company had planned to acquire shares in Xin Feng Holdings Ltd., but the transaction has been cancelled.
The company said the early redemption of the 2018 bonds will enable it to restructure its portfolio debt in a more cost-efficient manner.
Man Sang is a Hong Kong-based property developer focused on properties in Mainland China.
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