January 5, 2018 / 3:26 PM / 7 months ago

BRIEF-HC International Says To Cancel Convertible Bonds In Exchange For Shares

Jan 5 (Reuters) - HC International Inc:

* PROPOSES TO CANCEL CONVERTIBLE BONDS IN EXCHANGE FOR SHARES TO BE ALLOTTED AND PUT IN CUSTODIAN ACCOUNTS

* CO ENTERS SUBSCRIPTION AGREEMENTS WITH BONDHOLDERS TO ALLOT NEW SHARES TO EACH OF BONDHOLDERS IN CONSIDERATION OF CONVERTIBLE BONDS​

* ‍TOTAL NUMBER OF EXCHANGE SHARES UNDER SUBSCRIPTIONS IS 36 MILLION SHARES​ HAVING AGGREGATE NOMINAL VALUE OF HK$3.6 MILLION Source text for Eikon: Further company coverage:

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