Brief: Lee & Man Chemical Announces Loan Capitalization Agreement With Southern Hill Co

Lee & Man Chemical

31/12/2020 13:39

Dec 31 (Reuters) - Lee & Man Chemical Co Ltd  0746.HK :
    * LM INDUSTRIES & AND LM CHEMICAL INVESTMENT ENTERED LOAN
CAPITALIZATION AGREEMENT WITH SOUTHERN HILL CO
    * UNDER AGREEMENT, OUTSTANDING AMOUNT OF LOAN OF PRINCIPAL
HK$196.7 MILLION TO BE CAPITALISED INTO 2 JV SHARES
    * EACH JV SHARE TO BE ALLOTTED & ISSUED TO LM INDUSTRIES &
LM
CHEMICAL INVESTMENT, RESPECTIVELY

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1231/2020123101632.pdf
Further company coverage:  0746.HK  2314.HK 

 ((Reuters.Briefs@thomsonreuters.com;))