Brief: China Ocean Industry Group Conditionally Agreed To Issue Convertible Bonds
July 19 (Reuters) - China Ocean Industry Group Ltd
0651.HK :
* CO CONDITIONALLY AGREED TO ISSUE CONVERTIBLE BONDS WITH
AGGREGATE PRINCIPAL AMOUNT OF HK$110 MILLION DUE 3 YRS
* CONVERTIBLE BONDS AT CONVERSION PRICE OF HK$0.64 PER
CONVERSION
SHARE
* PROPOSES TO IMPLEMENT CAPITAL REORGANISATION WHICH WILL
INVOLVE
CAPITAL REDUCTION AND SHARE CONSOLIDATION
Source text for Eikon: ID:nHKS4v5Hpt
Further company coverage: 0651.HK
((Reuters.Briefs@thomsonreuters.com;))
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