China’s Ping Shan Tea plans to place up to HK$150 million bonds

By Marisa Wong

Morgantown, W.Va., Sept. 12 – Ping Shan Tea Group Ltd. announced it plans to issue up to HK$150 million of debentures with maturities of two to eight years.

The bonds will be priced at par with a coupon of up to 8%.

The Hong Kong-based investment holding company said it intends to use the proceeds to repay existing debt and as general working capital.

Ping Shan markets and sells tea in China.

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