Deals this week: China Green (Holdings), Kellogg Company, Alkame Holdings


Hong Kong-based investment holding company China Green has announced its plans to raise approximately HK$150m ($19.27m) through private placement of notes due next year.

China Green specialises in the manufacture and sale of agricultural and consumer food products.

With a coupon rate of 7% a year, the notes will be priced at 100% of the principal amount and mature within a year from the date of issue.

Convoy Asset Management is engaged as the placement agent for the offering.

Kellogg Company has announced its intention to raise gross proceeds of approximately $1.69bn through an equity offering of more than 24 million common shares priced at $68.935 a share.

"Under the deal, Alkame will initially take a five-year lease of Bell's manufacturing facility and equipment, as well as hold a purchase option at the end of the lease."

Kellogg is a producer of ready-to-eat cereals and convenience food products based in the US.

Health and technology holding company Alkame Holdings has announced the acquisition of operating lease and the operating assets of Bell Foods International.

Alkame is engaged in the distribution of bottled water, while Bell Foods manufactures specialty food products.

Under the deal, Alkame will initially take a five-year lease of Bell's manufacturing facility and equipment, as well as hold a purchase option at the end of the lease.

Both the companies involved in the transaction are based in the US.

Chinese food company Nanfang Black Sesame Group has announced plans to raise approximately CNY175m ($25.48m) through a private placement.