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Provider: Wright Reports
Provider: Sadif Analytics Prime

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Jardine Strategic Holdings Ltd to acquire 20% stake in Zhongsheng Group Holdings Ltd

Monday, 20 Jan 2014 02:00am EST 

Jardine Strategic Holdings Ltd:Says has agreed to invest $731 mln in Zhongsheng Group Holdings Ltd through an equity stake and convertible bonds.Says Jardine Strategic is to purchase new shares in Zhongsheng equivalent to 12.5% of existing share capital for a consideration equivalent to $332 mln and subscribe for an equivalent of $399 mln of convertible bonds.Says the bonds are exercisable within three years, at Jardine Strategic's discretion, for a further 12.5% of the existing share capital of Zhongsheng.Says after fully exercising the convertible bonds, Jardine Strategic will have an interest of some 20% of the then issued share capital of Zhongsheng. 

Company Quote

-0.53 -10.75%
7 Jul 2015