Brief: Kingold Jewelry receives $15 mln strategic investment from subsidiary of Fosun International

Kingold Jewelry

06/04/2015 13:00

April 6 (Reuters) - Kingold Jewelry Inc  KGJI.O : 
 * Receives $15 million strategic investment from subsidiary of Fosun 
   International Limited in a private placement transaction 
 * Says entered into a convertible note purchase agreement with a majority-owned 
   subsidiary of Fosun International Limited 
 * Says agreed to issue and sell a $15 million aggregate principal amount 6.0% 
   senior secured convertible note due 2018 
 * Says the note bears interest at a rate of 6.0 percent per year payable annually 
 * In conjunction with the purchase agreement, the company will increase the 
   size of the board from five to seven members 
 
* Source text for Eikon  ID:nPn7k6K4w  
 
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