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BRIEF-Net Pacific Financial announces conversion of loans into shares of partner co
November 14, 2017 / 11:34 AM / 5 days ago

BRIEF-Net Pacific Financial announces conversion of loans into shares of partner co

Nov 14 (Reuters) - Net Pacific Financial Holdings Ltd :

* Announces conversion of loans into shares of partner company

* Jetwin Investments entered agreement with borrower companies in Australia in relation to some of group’s loan portfolio​‍​

* Partner company is seeking to list on Australian Securities Exchange​

* Co to hold shares in partner company as an investment stake​

* Expects ‍conversion to have positive impact on consol EPS for group for financial year ending 31 December 2017 Source text for Eikon: Further company coverage:

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