Brief: China Environmental Technology Says $7 Mln Convertible Bonds Due 2021 Invalid From Date Of Issuance
12/04/2019 15:29
April 12 (Reuters) - China Environmental Technology Holdings
Ltd 0646.HK :
* DISCOVERED ON 27 FEB THE SIDE LETTER AGREEMENT WHICH
PURPORTEDLY
VARIED PAYMENT TERM OF SUBSCRIPTION AGREEMENT
* SIDE LETTER AGREEMENT & SUBSCRIPTION AGREEMENT ARE
UNENFORCEABLE
DUE TO ILLEGALITY & SHOULD BE RESCINDED
* CONVERTIBLE BONDS DUE 2021 IN AGGREGATE AMOUNT OF US$7
MILLION
IS INVALID FROM DATE OF ISSUANCE
Source text for Eikon: ID:nHKS2J54Xn
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((Reuters.Briefs@thomsonreuters.com;))
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