China Properties Investment Holdings Limited (SEHK:736) announced a private placement on a best efforts basis of convertible bonds for gross proceeds of up to HKD 20,000,000 on January 18, 2013. Delta Wealth Securities Limited will act as the placement agent to the transaction and will receive a commission of 1% of the gross proceeds. The bonds bear interest at the rate of 3% per annum and mature after seven years from the date of issue.

The bonds will be issued in not more than 10 tranches, with each tranche of HKD 2,000,000 or any multiple thereof.