Chinese juice company issues dim sum convertible

Unlisted Garden Fresh breaks new ground with a Rmb100 million CB denominated in offshore renminbi. The CB is expected to be followed by a Hong Kong IPO in the next three years.

A China-based producer of fruit and vegetable juices that is aiming to list in Hong Kong within the next three years has issued a convertible bond denominated in offshore renminbi. The offering, which was guaranteed by its Singapore-listed parent company, is believed to be the first CB to tap into the offshore pool of renminbi in Hong Kong, based on the limited records that exist for this asset class.

Like the first straight bond...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...