Brief: Hongda Financial Holding enters subscription agreement with China Huarong Macau (HK) Investment

China Wood International Holding

22/08/2017 15:31

Aug 22 (Reuters) - Hongda Financial Holding Ltd  1822.HK  
    * Entered into subscription agreement with China Huarong 
Macau (Hk) Investment Holdings 
    * Net proceeds from bond issue are estimated to be about 
hk$199.4 million 
    * Based on initial conversion price of hk$0.35 per 
conversion share, 571.4 million conversion shares to be allotted 
    * China Huarong Macau (Hk) Investment to subscribe for 
convertible bonds in amount of hk$200 million 
 
Source text for Eikon:  ID:nHKS927TXr  
Further company coverage:  1822.HK  
 
 (bangalore.newsroom@thomsonreuters.com)