Business briefing

China Huiyuan to issue bonds to Temasek unit: report

CHINA Huiyuan Juice Group will issue US$150 million worth of convertible bonds to a unit of Singapore investment company Temasek Holdings, said a Reuters report. China's top pure fruit juice producer said it will issue the bonds due 2019 to Temasek's Baytree Investments (Mauritius). Temasek will indirectly hold 7.68 per cent of the enlarged share capital of Huiyuan on full conversion of the bonds.

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