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FINWIRES

Tianju Dihe (Suzhou) Offloads $10 Million Bonds to CEO

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Tianju Dihe (Suzhou) Technology (HKG:2479) agreed to sell $10 million of bonds to controlling shareholder and CEO Zuo Lei for the same amount, according to a Monday Hong Kong bourse filing.

The bonds comprise $6 million of a bond issued by Reynold Lemkins, a cornerstone investor of the company, and two bonds worth $2 million each issued by an independent third party.

The company plans to use proceeds from the disposal for general working capital and potential future business development opportunities.

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