Brief: China Ocean Industry Group announces issue of convertible notes
06/12/2016 13:46
Dec 6 (Reuters) - China Ocean Industry Group Ltd: 0651.HK :
* Company entered into subscription agreement with
subscriber
* company has conditionally agreed to issue, convertible
notes in aggregate principal amount of up to hk$400 million
* Net proceeds from convertible notes, after deducting
expenses, are expected to be approximately hk$376 million
* Intends to apply net proceeds to finance possible
acquisitions
Source text for Eikon: ID:nHKS1gx2zB
Further company coverage: 0651.HK
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