Nanning Chem. Issued Roll-over Bonds
                              By Zhong Zeyang
Nanning Chemical Co., Ltd., which was mainly established by Nanning  Chemical
Group Corp., issued 150 million yuan of roll-over bonds  in  Shanghai  Stock
Exchange on August 3, 1998.
145.28 million yuan was raised through this issue. Of  which  23. 95  million
yuan will be used to expand company's soda capacity from 50 000  t/a  to  80
000 t/a; 46.17 million yuan to expand the capacity of Qiang Lu Jing(a  newly
-developed pesticide) from 5 000 t/a to 10 000 t/a; 20.41 million yuan on the
renovation of 2 000 t/a of AC foamer.
This bonds can be exchanged into shares of the company as soon as the company
issue new shares in the coming 5 years.