Brief: Asia Television Announces Placing Of Convertible Bonds

Asia Television Holdings

25/08/2020 15:41

Aug 25 (Reuters) - Asia Television Holdings Ltd  0707.HK :
    * ASIA TELEVISION HOLDINGS ANNOUNCES PLACING OF CONVERTIBLE
BONDS
OF PRINCIPAL AMOUNT OF UP TO HK$222.8 MILLION AT CONVERSION
PRICE OF HK$0.15/SHARE
    * NET PROCEEDS FROM PLACING ESTIMATED TO BE ABOUT HK$214.6
MILLION
    * INTENDS TO APPLY ABOUT HK$80 MILLION OF ESTIMATED NET
PROCEEDS
FOR REPAYMENT OF BORROWINGS OF GROUP DUE TO KINGSTON FINANCE

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5B375D
Further company coverage:  0707.HK 

 (Reuters.Briefs@thomsonreuters.com)