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Hao Tian (0474) to issue US$30m 9% notes secured on 550m shares (3.24%) of Heritage (0412)Disclosure of interest

Company announcement, 7-Jul-2015

The subscriber is Sea Venture Investments Ltd (BVI), the owner of which is not disclosed. The subscriber also gets an option to purchase 80,729,170 Heritage shares at HK$1.44 (equal to US$15m at an exchange rate of USD=HKD7.75) and warrants to subscribe shares of Hao Tian Finance Co Ltd, a partial subsidiary, for up to US$15m at NAV. Update from disclosure of interest: the subscriber is ultimately owned by China Construction Bank (0939).

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