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