Great Harvest Maeta Group

Hong Kong-listed Great Harvest Maeta Group has scrapped a second bond sale because it has enough money already.

Great Harvest - Chinese bulker owner said directors had decided not to go ahead with a sale of convertible notes to Ablaze Rich, controlled by Great Harvest’s executive directors and major shareholders Yan Kim Po and Lam Kwan.

Great Harvest had obtained bank financing and had sufficient internal resources for financing the recent acquisition of vessels by the group and for the general working capital of the group.