Key Developments: Greentown China Holdings Ltd (GTWCF.PK)
1.39USD
21 Nov 2012
$0.38 (+37.62%)
$1.01
$1.39
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Latest Key Developments (Source: Significant Developments)
Greentown China Holdings Ltd Updates On Further Issuance Of USD300 Million 8.50% Senior Notes Due 2018
Greentown China Holdings Ltd announced that further to the announcement of the Company dated March 26, 2013 in respect of the proposed New Notes Issue. On 26 March 2013, the Company, the Subsidiary Guarantors, Deutsche Bank, BOC International, Goldman Sachs (Asia) L.L.C., HSBC, Industrial and Commercial Bank of China (Asia) Limited, Standard Chartered Bank and UBS entered into the Purchase Agreement in connection with the proposed issue by the Company of the New Notes, which upon issuance will be consolidated and form a single series with the Original Notes. The Company estimates that the net proceeds from the New Notes Issue, after deducting the subscription discounts and commissions and other estimated expenses payable in connection with the New Notes Issue, will be approximately USD309 million. The Company intends to use the net proceeds of the New Notes to refinance certain existing short term debts and the remainder to fund capital expenditure and other general corporate purposes. The Company may adjust the forgoing plans in response to changing market conditions and therefore reallocate the use of proceeds. The Company will seek a listing of the New Notes on the Stock Exchange. A confirmation of the eligibility for the listing of the New Notes has been received from the Stock Exchange. Quotation of the New Notes on the Stock Exchange is not to be taken as an indication of the merits of the Company or the New Notes Full Article
Greentown China Holdings Ltd Announces Proposed Further Issuance Of USD 8.50% Senior Notes Due 2018
Greentown China Holdings Ltd announced that the Company proposes to conduct the Proposed Further Issue to offer and issue the New Notes to institutional investors. The Proposed Further Issue will only be offered outside the United States in compliance with Regulation S under the Securities Act. Completion of the Proposed Further Issue is subject to market conditions and investors’ interest. Details of the Proposed Further Issue, including the aggregate principal amount and the Offer Price, will be determined through a book building exercise to be conducted by Deutsche Bank, BOC International, Goldman Sachs (Asia) L.L.C., HSBC, Industrial and Commercial Bank of China (Asia) Limited, Standard Chartered Bank and UBS, the joint lead managers and the joint bookrunners of the Proposed Further Issue. It is expected that Deutsche Bank, BOC International, Goldman Sachs (Asia) L.L.C., HSBC, Industrial and Commercial Bank of China (Asia) Limited, Standard Chartered Bank, UBS and the Company, among others, will enter into the Purchase Agreement and other ancillary documents in relation to the Proposed Further Issue. The Company intends to use the net proceeds of the New Notes to refinance certain existing short term debts and the remainder to fund capital expenditures and other general corporate purposes. The Company may adjust the foregoing stated use of proceeds in response to changing market conditions and therefore reallocate the use of proceeds. Full Article
Greentown China Holdings Ltd Recommends Final Dividend
Greentown China Holdings Ltd announced that the Board has recommended payment of a final dividend of RMB0.5 per share for the year ended December 31, 2012 to the shareholders whose names appear on the Company’s register of members as of July 02, 2013 . Subject to shareholders’ approval at the AGM, the 2012 Final Dividend will be paid on July 12, 2013. Full Article
Sunac China Holdings Ltd and Greentown China Holdings Ltd Buy $1.45 Billion Property Assets In Central Shanghai-Reuters
Reuters reported that Sunac China Holdings Ltd and Greentown China Holdings Ltd deepened ties through a $1.45 billion purchase of a Hong Kong holding company that owns land in central Shanghai. Full Article
Greentown China Holdings Ltd Announces Issue Of USD400 Million 8.50% Senior Notes Due 2018
Greentown China Holdings Ltd announced that further to the announcement made on January 23, 2013 in respect of the 2013 Notes Issue. On January 28, 2013, the Company, Deutsche Bank, BOC International, Goldman Sachs (Asia) L.L.C., HSBC, Industrial and Commercial Bank of China (Asia) Limited, Standard Chartered Bank and UBS entered into the Purchase Agreement, in connection with the 2013 Notes Issue by the Company in the aggregate principal amount of USD400,000,000. The Company estimates that the net proceeds from the 2013 Notes Issue, after deducting the subscription discounts and commissions and other estimated expenses payable in connection with the 2013 Notes Issue, will be approximately USD394,000,000. The Company intends to use the net proceeds of the 2013 Notes to refinance certain existing short term debts and the remainder for general corporate purposes. The Company may adjust the forgoing plans in response to changing market conditions and therefore reallocate the use of proceeds. The Company will seek a listing of the 2013 Notes on the Stock Exchange. A confirmation of the eligibility for the listing of the 2013 Notes has been received from the Stock Exchange. Quotation of the 2013 Notes on the Stock Exchange is not to be taken as an indication of the merits of the Company or the 2013 Notes. Full Article
Greentown China Holdings Ltd Announces Proposed Issue Of USD Senior Notes
Greentown China Holdings Ltd announced that it proposes to conduct an international offering of USD senior notes and will commence a series of meetings with professional investors outside of the United States. The completion of the Proposed 2013 Notes Issue is subject to market conditions and investor interest. The pricing of the 2013 Notes, including the aggregate principal amount, the Offer Price and the interest rates, will be determined through a book building exercise to be conducted by Deutsche Bank, BOC International, Goldman Sachs (Asia) L.L.C., HSBC, Industrial and Commercial Bank of China (Asia) Limited, Standard Chartered Bank and UBS, the joint lead managers and joint bookrunners of the Proposed 2013 Notes Issue. Upon finalising the terms of the 2013 Notes, it is expected that Deutsche Bank, BOC International, Goldman Sachs (Asia) L.L.C., HSBC, Industrial and Commercial Bank of China (Asia) Limited, Standard Chartered Bank, UBS and the Company, among others, will enter into the Purchase Agreement and other ancillary documents. The Company intends to use the proceeds of the 2013 Notes to refinance certain existing short term debts and the remainder for general corporate purposes. The Company may adjust the foregoing stated use of proceeds in response to changing market conditions and therefore reallocate the use of proceeds. Full Article
Greentown China Holdings Ltd Announces Formation Of Joint Venture With The Wharf Group
Greentown China Holdings Ltd announced that on November 15, 2012, the Company and Wharf entered into the framework agreement, pursuant to which Wharf (through its wholly owned subsidiary) and the Company (through its wholly-owned subsidiary) will subscribe for new shares of the Investment Company (being an indirect wholly owned subsidiary of Wharf as of the date hereof) such that the Investment Company will be owned by the Wharf Group and the Group as to 60% and 40% respectively. Pursuant to the Framework Agreement, the Wharf Group and the Group will jointly develop the Land in Dalian, on a 60:40 ownership basis, into residential properties. Full Article
Greentown China Holdings Ltd To Raise HKD5.1 Billion From Sales To Wharf (Holdings) Ltd-Reuters
Reuters reported that Greentown China Holdings Ltd plans to raise HKD5.1 billion ($657 million) by selling stock and issuing convertible bonds to shareholder The Wharf (Holdings) Ltd In two tranches, Greentown will issue 490 million new shares to Wharf at HKD5.20, a discount of 2.8% to the closing price on Thursday. In addition, Greentown plans to sell HKD2.55 billion of convertible bonds to Wharf, run by Hong Kong billionaire Peter Woo. After the share sale, Wharf's stake in Greentown would rise from 2.1%to 24.6%, and increasing to 35.1% if the bonds were converted into stock. Full Article
Greentown China Holdings Limited's Greentown Real Estate Announces Proposed Disposal Of PRC Subsidiary
Greentown China Holdings Limited announced that on April 17, 2012, a wholly owned subsidiary of SOHO China (as Purchaser) and SOHO China entered into the Framework Agreement with Greentown Real Estate and MaAnShan Development (as Vendors) and the Company for the disposal of the entire equity interests in Greentown Plaza Development by the Vendors and assignment of all the rights and title to the Loans by Greentown Real Estate. Greentown Plaza Development is owned as to 70% by Greentown Real Estate and 30% by MaAnShan Development. The total consideration payable to Greentown Real Estate under the Framework Agreement for the Greentown Disposal and Assignment of Loans is RMB1,615,848,200 (subject to adjustment, if any). Greentown Real Estate is an indirectly wholly owned subsidiary of the Greentown China Holdings Limited. Full Article
Greentown China Holdings Limited Sells Shanghai Property Interest To SOHO China Ltd
Reuters reported that Greentown China Holdings Limited and several other domestic firms had agreed to sell their stakes in a Shanghai commercial project to SOHO China Ltd for JYP4 billion ($632.79 million). In a filing to the Hong Kong exchange, Greentown said it would receive JYP1.04 billion in proceeds from the sale. Full Article
New Issue-Greentown China prices 2.5 mln renminbi 2016 bond
Guarantor All of the Issuer's offshore Restricted Subsidiaries
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