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Asia Standard issues convertible notes in placing

Company announcement, 4-May-2006

Note: at least some of the HK$94m external placing probably ended up with Yugang (0613) which, in its 2006 accounts note 23, held a convertible note at fair value of $47.416m with the same exercise price ($0.305) and interest rate (4%) issued by "a listed company in Hong Kong".

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