Brief: Sino Golf to allot subscription shares and convertible bonds

Hanfort Development Holdings

13/07/2016 15:10

July 13 (Reuters) - Sino Golf Holdings Ltd  0361.HK : 
 
 * proposed subscription of subscription shares and convertible bonds; application for whitewash waiver; and resumption of trading 
 * Application has been made to stock exchange for resumption of trading in the 
shares from 14 July 2016 
 * On 8 July 2016 company, wealth sailor as subscriber and warrantors entered 
into the subscription agreement 
 * No listing of the convertible bonds will be sought on the stock exchange or 
any other stock exchanges 
 * Co agreed to allot aggregate of 2.86 billion subscription shares at the subscription price of hk$0.114 per share 
 * Aggregate amount of consideration for subscription shares and the convertible 
bonds are hk$326.2 million and hk$74.1 million respectively 
 * Source text for Eikon  ID:nHKS5ftxFZ  
 
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