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Freeman (0279) sells 48.96% stake in Hennabun to Eugene Chuang Yue Chien for HK$50m
Company announcement, 29-Jun-2007
On 6-Feb-2007, Freeman converted the HK$131m bond into 873.333m Hennabun shares at $0.15 each. By then, we infer a further 170m shares had been issued since the end of 2006, reducing Freeman's final stake from 53.73% to 48.96%. The effective price for the 937.133m Hennabun shares is $0.0534 per share.
Organisations
- Allied Weli Development Limited
- Arta TechFin Corporation Limited 裕承科金有限公司
- Equity Spin Investments Limited
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