Brief: China Leon Inspection Entered Into Conditional CB Subscription Agreement To Issue Convertible Bonds
13/05/2021 02:32
May 13 (Reuters) - China Leon Inspection Holding Ltd
1586.HK :
* ENTERED INTO CONDITIONAL CB SUBSCRIPTION AGREEMENT TO
ISSUE
CONVERTIBLE BONDS
* PROPOSED ISSUE OF CONVERTIBLE BONDS IN PRINCIPAL AMOUNT OF
HK$50
MILLION
* UPON ISSUE OF CONVERTIBLE BONDS, INITIAL CONVERSION PRICE
WILL
BE HK$1.63 PER CONVERSION SHARE
* BASED ON INITIAL CONVERSION PRICE 30.7 MILLION CONVERSION
SHARES
WILL BE ALLOTTED AND ISSUED UPON FULL EXERCISE OF CONVERSION
RIGHTS
Source text for Eikon: ID:nHKS1n2wX2
Further company coverage: 1586.HK
((Reuters.Briefs@thomsonreuters.com;))
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