China’s Wealthy Way planning HK$20 million issue of 8% two-year bonds

By Angela McDaniels

Tacoma, Wash., July 22 – Wealthy Way Group Ltd. plans to issue HK$20 million of 8% two-year bonds, according to a company filing with the Stock Exchange of Hong Kong Ltd.

The final terms and conditions of the bonds will be determined by the board of directors, subject to market conditions and investor interest.

Lo Wai Ho, chairman and executive director of the company, is expected to provide a personal guarantee for the bonds.

The bonds will not be listed on any stock exchange.

The proceeds will be used to finance the expansion of the group’s existing business and for general working capital.

Wealthy Way is a financial leasing and advisory services provider based in Shenzhen, China.

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