Brief: China Billion Resources Enters Settlement With Convertible Bonds Holder Wu Yuexin

Renaissance Asia Silk Road

27/03/2020 11:15

March 27 (Reuters) - China Billion Resources Ltd  0274.HK :
    * ENTERED SETTLEMENT AGREEMENT WITH WU YUEXIN, ONLY
REMAINING
HOLDER OF CONVERTIBLE BONDS
    * CO TO REPAY IN CASH HK$5 MILLION ON OR BEFORE 30 MARCH &
ANOTHER
HK$5 MILLION ON OR BEFORE 30 APRIL 2020
    * AS AT DATE OF SETTLEMENT AGREEMENT, AMOUNT DUE TO YUEXIN
WAS
HK$17.7 MILLION
    * CO MAY ELECT TO REPAY REMAINING EITHER IN CASH OR BY ISSUE
OF
NEW SHARES

Source text for Eikon:  ID:nHKS1Zq7Wr 
Further company coverage:  0274.HK 

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