Brief: Newtree Group to issue convertible bonds in aggregate principal amount of HK$200 mln

Huasheng International Holding

04/08/2017 14:46

Aug 4 (Reuters) - Newtree Group Holdings Ltd  1323.HK : 
    * Company has agreed to issue, convertible bonds in 
aggregate principal amount of HK$200 million 
    * Conversion price is HK$0.46 per share 
    * Gross and net proceeds from issue of convertible bonds are 
HK$200 million and about HK$199.7 million respectively 
    * Is in discussion with independent third party, for 
potential acquisition of group engaged in business of 
manufacturing concrete in PRC 
 
Source text for Eikon:  ID:nHKS6fv66L  
Further company coverage:  1323.HK  
 
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