BRIEF-Guolao Investments reports 7 pct passive stake in JinkoSolar Holding
* Guolao Investments reports 7 pct passive stake in JinkoSolar Holding Co Ltd as of april 14 - SEC filing Source text: (http://bit.ly/2pWSdFx) Further company coverage:
LONDON, April 26 State-backed Royal Bank of Scotland said it would ask shareholders for approval to issue debt that converts into equity if the bank hits trouble.
The bank said on Friday that in response to UK regulatory requirements for banks to hold more capital and to allow it "to manage its capital in the optimal way" it would seek approval to issue loss-absorbing capital instruments in the form of equity convertible notes (ECNs), also known as "CoCos".
CoCos are bonds that convert into new shares if an event occurs, such as if a bank's capital ratio fell below 7 percent. RBS needs shareholder approval as issuing new shares could dilute existing shareholders.
Other UK banks are also considering issuing CoCos and Barclays' shareholders gave approval for it to issue ECNs on Thursday.
BERLIN, April 24 Online food takeaway firm Delivery Hero, one of Europe's biggest start-ups, could consider an initial public offering (IPO) to raise capital so it can face competition from the likes of Uber.