HONGKONG CHUANG YUE CO., LIMITED 創越控股有限公司
Huarong Intl (0993) subscribes HK$800m convertible bond of China First Capital (1269)
| CFC announcement
Company announcement, 4-Dec-2017
Huarong International's 100% subsidiary, Huarong International Securities, gets a 4.5% arrangement fee on the 2-year, 7% bonds. Mr Tang Mingyang, an ED of CFCG, has guaranteed the bonds and pledged his 16.84% shareholding as security. He and CFCG have an obligation to top up the security if the share price drops below a certain level causing the loan-to-value ratio to rise above 50%, failing which, the bonds can be redeemed.
Company announcement, 4-Dec-2017
Huarong International's 100% subsidiary, Huarong International Securities, gets a 4.5% arrangement fee on the 2-year, 7% bonds. Mr Tang Mingyang, an ED of CFCG, has guaranteed the bonds and pledged his 16.84% shareholding as security. He and CFCG have an obligation to top up the security if the share price drops below a certain level causing the loan-to-value ratio to rise above 50%, failing which, the bonds can be redeemed.
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