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Freeman (0279) renegotiates convertible bond held by Huarong Inv (2277) | Huarong Inv announcement
Company announcement, 28-Sep-2018
The share price having boomed and then bust since the CB was issued, they have agreed to slash the conversion price from $0.425 to $0.065 and boost the coupon from 4% to 7%. As a result, Huarong Inv could end up with 29.63% of Freeman, which also has outstanding US$99m of convertible bonds held by Huarong Macau, a fellow subsidiary of China Huarong Asset Management (2799), also convertible at $0.425.
Organisations
- Arta TechFin Corporation Limited 裕承科金有限公司
- Cheery Plus Limited
- China CITIC Financial Asset Management Co., Ltd. 中國中信金融資產管理股份有限公司
- China Huarong (Macau) International Company Limited 中國華融(澳門)國際股份有限公司
- CHINA HUARONG MACAU (HK) INVESTMENT HOLDINGS LIMITED 中國華融澳門(香港)投資控股有限公司
- Huarong Investment Stock Corporation Limited 華融投資股份有限公司
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