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Shanghai Industrial Holdings Ltd Announces Completion Of Issue Of HKD3,900,000,000 Zero Coupon Guaranteed Convertible Bonds Due 2018

Monday, 18 Feb 2013 03:49am EST 

Shanghai Industrial Holdings Ltd announced that all conditions precedent for the issue of the Convertible Bonds under the Subscription Agreement have been fulfilled, and the completion of the issue of the Convertible Bonds in the aggregate principal amount of HKD3,900,000,000 took place on February 18, 2013. The Convertible Bonds are expected to be listed on the Stock Exchange on February 19, 2013 with stock code 5906. The estimated net proceeds from the issue of Convertible Bonds, after deduction of commission and expenses, amounted to approximately HKD3,861,000,000. The Convertible Bonds have been offered and sold to six or more independent placees. 

Company Quote

-0.05 -0.21%
9:35pm EST