Greenfield Chem (HKG:0582) redeems $65M CBs early


Greenfield Chemical Holdings (HKG:0582) said that it has early redeemed all the outstanding convertible bonds in the principal amount of HK$65 million due on 16 March 2014 with the accrued interests therein.

The board believes that the early redemption can improve the gearing ratio of the company and reduce the interest burden to the group.

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