China Beidahuang extends maturity of convertible bonds to June 30

By Sarah Lizee

Olympia, Wash., June 6 – China Beidahuang Industry Group Holdings Ltd. said the maturity date of its convertible bonds will be changed to June 30, 2019.

The interest rate for the convertibles for the extended period will be 15% per year.

Other terms of the convertibles are unchanged.

The company said that on Thursday it had received letters of confirmation from all registered holders of the convertibles agreeing to the new terms.

The Hong Kong-based investment holding company is primarily involved in winemaking.

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