Brief: New City Development Group Says To Issue Convertible Notes

New City Development

26/06/2018 24:27

June 26 (Reuters) - New City Development Group Ltd
 0456.HK :
    * TO ISSUE CONVERTIBLE NOTES WITH AN AGGREGATE PRINCIPAL
AMOUNT OF
HK$43.2 MILLION
    * CONVERTIBLE NOTES MAY BE CONVERTED INTO 135 MILLION
CONVERSION
SHARES AT CONVERSION PRICE OF HK$0.32 PER SHARE
    * ESTIMATED NET PROCEEDS FROM ISSUE OF CONVERTIBLE NOTES
WILL
AMOUNT TO ABOUT HK$43 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4GCpwg
Further company coverage:  0456.HK 

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