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July 1, 2016
By: TOM BRANNA
CHINA: Nu Skin Enterprises, Inc. has entered into an agreement for a $210 million strategic investment from Ping An ZQ China Growth Opportunity Limited, a consortium of experienced Chinese investors led by Ping An of China Securities (Hong Kong) Company Ltd. and a group of additional investors affiliated with ZQ Capital Limited. The announcement came as Nu Skin was prepping to host 20,000 sales leaders and customers from the Greater China region at its convention in Hong Kong. Under the terms of the investment, Ping An ZQ China Growth Limited is purchasing $210 million in aggregate principal amount of 4.75%, four-year convertible senior notes with an initial conversion price of $46.50 per share.
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