OUR NEWS

Zhejiang Long Cheng (600352) announcement, the company signed on February 26 and zheshang securities zhejiang pujiang small private bond the refining industry co., LTD. 2012 years of the subscription agreement, the company parity purchase zhejiang pujiang small private bond the refining industry co., LTD. 2012 years, 80 million yuan. Zhejiang pujiang small business 2012 years of private issuance totaled 80 million yuan, survival period for 3 years, attached at the end of the second zhejiang pujiang raised face interest rate options and investors sold back option. The bond coupon rate was 14%, the duration of the bonds is fixed in the first two years. Raised coupon rate options such as zhejiang pujiang exercise, have not been sold back part 1 year after the bond term coupon interest rate for bond term 2 years preceding the coupon interest rate plus the basis points, the bond term after 1 year fixed. Such as zhejiang pujiang did not exercise raised coupon option, is not being sold back part 1 years after the term bonds coupon or fixed in-terest rate is still maintain the original nominal interest rates unchanged. Investors shall have the right to choose in the bond of the second annual FuXiRi will hold interest-bearing bonds at par back to zhejiang pujiang in whole or in part. The bond is provided by xinguang holding group co., LTD. Irrevocable joint and several liability guarantee. According to the announcement, pujiang, zhejiang was established in November 2005, the registered capital of 40 million yuan, annual output of 2000 tons of five business scope including ethane, four fluorine methylene fluoride 2000 tons, 2000 tons ethane, 28000 tons of hydrochloric acid (by-product), mixed refrigeration series products 10000 tons production (stored); Import and export, technology import and export of goods. (source: the China securities journal)