Chun Sing Engineering (02277) said it agreed to purchase senior secured guaranteed notes to be issued by Zhuguang Holdings (01176) in the principal amount of US$12 million (equivalent to about HK$94 million) at an interest of 11% per annum for a term of 36 months.
Zhuguang Holdings shall issue warrants of up to US$1.8 million (equivalent to about HK$14.04 million) to Chun Sing Engineering at nil consideration. The warrant will entitle Chun Sing Engineering to subscribe for about 7.02 million warrant shares, representing, about 0.15% of the entire issued share capital of Zhuguang Holdings, at an initial strike price of HK$1.9995 per warrant share.
26/09/2016 10:41
Chun Sing Eng to buy US$12m senior notes of Zhuguang Hold
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