China Trade Information

CLSA Capital Partners (HK) Ltd said on Monday it had bought in US$30 million worth convertible bonds from Taiwan-based Fulltech Fiber Glass Corp.

CLSA Capital Partners (HK) currently owns 8 funds with total US$ 2.3 billion of assets under management.

The assets management company said the investment was made through its ARIA Investments Fund.

Miranda Tang, CLSA Capital Partner Managing Director, said in a statement that Fulltech Fiber’s extensive customer base was the main driving factor that the company decided to make this investment.

The fiberglass yarn manufacturer had a 6% share in the global market last year.

In early July, Fulltech Fiber had announced that it would issue up to NTD 1.48 billion unsecured convertible corporate bonds with a maturity of five years and an annual rate of 3.0% through private placement.

CLSA Capital Partners is the alternative asset management arm of CLSA Asia-Pacific Markets, a leading independent investment group in Asia.

Tags: Fund, investment

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