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BRIEF-China U-ton Holdings updates on issue of notes
June 15, 2017 / 2:36 PM / 3 months ago

BRIEF-China U-ton Holdings updates on issue of notes

June 15 (Reuters) - China U-ton Holdings Ltd

* Company as issuer entered into subscription agreement with investor as subscriber, and with mr. Jiang as guarantor

* Company conditionally agreed to issue convertible bond and note, each in principal amount of us$4 million

* Note will bear interest at rate of 11% per annum on outstanding principal amount of note

* Net proceeds of subscription are estimated to be hk$62.4 million Source text for Eikon: Further company coverage:

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