China’s Wang Tai plans up to HK$200 million 7% three-year bonds

By Marisa Wong

Madison, Wis., Dec. 30 – Wang Tai Holdings Ltd. announced it plans to issue up to HK$200 million of three-year corporate bonds.

The company plans to price the bonds at par to yield 7%.

PC Securities Ltd. will act as placing agent.

The purpose of the issuance is to improve the group’s short-term liquidity. Proceeds will be used to supplement working capital.

Wang Tai is a textiles manufacturer based in Shishi City, Fujian, China.

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