TC

30/09/2020 15:36

Capital Env (03989) to issue offshore preference shares

   Capital Environment Holdings Limited (03989) said the company has conditionally agreed to issue, and Beijing Capital and BCG have conditionally agreed to subscribe for, the cumulative perpetual non-voting and non-convertible offshore preference shares of par value of HK$100 each at the subscription price of HK$1.63 billion in aggregate on the issue date.
  The offshore preference shares will be issued as fully paid-up capital in Hong Kong dollars and considered as equity instruments under the prevailing accounting principles. The offshore preference shares will be issued in registered form and issued and transferable only in minimum amounts of HK$2 million (or 20,000 offshore preference shares) and integral multiples of HK$10,000 (or 100 offshore preference shares) in excess thereof.

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