DGAP-News: Tianbao Holdings Ltd.: Tianbao Holdings commissions feasability report for 50m equity or bond offering
(firmenpresse) - DGAP-News: Tianbao Holdings Ltd. / Key word(s): Bond/Strategic Company
Decision
Tianbao Holdings Ltd.: Tianbao Holdings commissions feasability report
for 50m equity or bond offering
20.02.2013 / 17:41
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Zhengzhou China PRC - Wednesday - February 20 2013 - Tianbao Holdings
commissions feasability report for 50m equity or bond offering
(Ticker: 3TB ) The board of directors announced that it has commissioned
The Quro Trust, a New Zealand Financial Service Provider, to make a final
determination of the feasibility of an equity financing versus a debt
financing, or a bond issue of $50,000,000 for Tianbao Holdings Limited.
After a preliminary investigation by The Quro Trust reported that a debt
financing for $50,000,000 was looking feasible and could possibly be
completed within a six month time period.
Based on the recommendations from the final Quro Trust report, Tianbao
Holdings, Ltd. will instruct its attorneys to proceed with the appropriate
filings to implement either an equity or debt financing for $50,000,000.
The final report from The Quro Trust is expected in March 2013.
About Tianbao Holdings:
Tianbao Holdings (the 'Company') is an economically-affordable housing
manufacturer in the People's Republic of China. The Company works closely
with the Chinese government in acquiring the land for new housing
developments and constructing the homes per the specifications of the
housing plans of both the national Chinese government as well as the
provincial governments, in particular Henan Province, wherein all of the
Company's projects to date have been located.
Please address questions to : tianbaoholdings(at)gmail.com.
Safe Harbor Statement; The statements contained herein are
forward-looking?statements that are subject to risks and uncertainties that
could cause?actual results to differ materially from those expressed in the
forward-?looking statements.
End of Corporate News
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201941 20.02.2013
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Unternehmensinformation / Kurzprofil:
Datum: 20.02.2013 - 17:41 Uhr
Sprache: Deutsch
News-ID 231476
Anzahl Zeichen: 4849
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Kategorie:
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