NHU Holding Group has proposed a private placement of exchangeable bonds of up to Rmb2bn (US$297m) in Shenzhen-listed Zhejianc NHU. The tenor of the proposed EB is up to two years. NHU Holding holds 614m Zhejiang NHU's shares, representing about 56.36% of the company's total issued capital. China Securities is the sole bookrunner. The issue still requires regulatory approval.
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