China Agri-Products Exchange Limited
CH AGRI-PROD EX: Issues HK$300 Million Convertible Bonds and Reaches Strategic Cooperation Agreement with Shenzhen Agricultural Products – To Achieve Synergy and Strengthen Industrial Leading Position
[For Immediate Release] (6 July 2015 – Hong Kong) China Agri-Products Exchange Limited (“China Agri-Products” or the “Company”, together with its subsidiaries, the “Group”)(Stock Code: 00149.HK) announced today that the Company entered into a Convertible Bonds Subscription Agreement (“Subscription Agreement”) and a Strategic Cooperation Agreement with Shenzhen Agricultural Products Co., Ltd. (“Shenzhen Agricultural Products”) (Shenzhen A-share listed company, Stock Code: 000061.SZ), pursuant to which, Shenzhen Agricultural Products intended to subscribe for HK$300 million convertible bonds issued by China Agri-Products and to form a strategic partnership with the Company in the fields such as food safety testing and financial services. Pursuant to the Strategic Cooperation Agreement, both parties agreed to form a strategic cooperation engaged in China Agri-Products agricultural trading and wholesaling business in the PRC. Both parties intended to form a strategic partnership that involves food safety testing services, financial services, bridging connections between productions and marketing, e-commerce services in industrial parks, environmental protection services, commission of operation and management of agricultural products wholesale markets, etc. Shenzhen Agricultural Products is a large modern enterprise that constructs an agricultural products circulation system, with total assets of over RMB14 billion, principally engaged in the investment, construction, development, operation and management of wholesale markets of agricultural products. It is an e-commerce pioneer in the agricultural industry with business operations across 29 cities, such as Shenzhen, Nanchang, Shanghai, Changsha, Beijing, Hefei, Xi’an, Chengdu, managing more than 35 comprehensive entity wholesale markets. It forms the most established agricultural products exchange platform in China and a national agricultural products logistics system.. Mr. Chan Chun Hong, Thomas, the Chairman and Chief Executive Officer of China Agri-Products, said, “We are delighted to have signed the Convertible Bonds Subscription Agreement with Shenzhen Agricultural Products and established the strategic partnership. Shenzhen Agricultural Products takes up a leading position in the industry; our cooperation signified its confidence in our Company’s future development. In addition, the strategic alliance of two giant corporations is going to create synergy through partnership and further strengthen our leading positions in the industry, accelerating our business development and expansion. Looking forward, in order to grasp every opportunity brought by the government policies, we will continue to expand our business network in the agricultural product market and increase land reserves through possible acquisitions. We will also continue to look for potential lands for development and partner up with outstanding business partners as well as regional governments. The Company is set to build a modern and well-structured agricultural byproduct trading market so as to create fruitful returns for our shareholders.” – End – About China Agri-Products Exchange Limited (Stock Code: 00149.HK) About Shenzhen Agricultural Products Co., Ltd. (Stock Code: 000061.SZ ) Issued by PR ASIA Consultants Limited on behalf of China Agri-Products Exchange Limited. For enquiries, please contact: China Agri-Products Exchange Limited End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=LYHPVYGYIB Document title: CH AGRI-PROD EX: Issues HK$300 Million Convertible Bonds and Reaches Strategic Cooperation Agreement with Shenzhen Agricultural Products – To Achieve Synergy and Strengthen Industrial Leading Position Key word(s): Issue of Debt 08/07/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
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