BRIEF-China Hongbo not issuing bonds, unit signs agreement with China Unicom's Fujian branch

Reuters

3 July 2014 at 6:02 am

July 3 (Reuters) - Hongbo Co Ltd * Says unit signs agreement with China Unicom's Fujian branch on lottery ticket sales * Says will not issue bonds worth up to 330 million yuan ($53.13 million) within approved timeframe as issue plan was unable to reduce financing costs Source text in Chinese: http://bit.ly/1qpX11m; http://bit.ly/1qAJcP9 Further company coverage: ($1 = 6.2115 Chinese Yuan Renminbi) (Reporting by Hong Kong and Singapore newsrooms)

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