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Hengan International Group Co Ltd Proposed Issue Of HKD5,434 Million Zero Coupon Convertible Bonds Due 2018


Monday, 20 May 2013 08:24pm EDT 

Hengan International Group Co Ltd announced that it has entered into the Subscription Agreement dated 20 May, 2013 with the Joint Global Coordinators, the Joint Bookrunners and the Joint Lead Managers in connection with the issue by the Company of the Convertible Bonds with an aggregate principal amount of HKD5,434 million. The Convertible Bonds are convertible into ordinary shares of HKD0.10 each in the share capital of the Company. The estimated net proceeds of the Convertible Bond issue after deduction of commission and administrative expenses are approximately HKD5,318 million. The Directors intend that the net proceeds will be applied to finance capital expenditure of the Group, refinance a portion of the Group’s bank borrowings and for working capital and general corporate purposes. 

Company Quote

88.95
-0.95 -1.06%
27 Feb 2015