China Huiyuan Juice Group Limited (SEHK:1886) announced that it has entered into security purchase agreement for a private placement of convertible bonds for the gross proceeds of HKD 1,000,000,000 with new investor, SDF III Holdings Limited on January 21, 2018. The bonds are zero-coupon and will mature in 364 days from date of issue, currently expected to be January 23, 2019. The bonds are convertible into common shares of the company at an exercise price of HKD 2.31. The investor will hold 13.94% stake in the company upon conversion. The company will pay expenses of HKD 782,000 in connection with the transaction.