Brief: Sheng Yuan To Issue Convertible Bonds Due 2023 In Aggregate Principal Amount Of HK$150 Mln
01/04/2021 02:58
April 1 (Reuters) - Sheng Yuan Holdings Ltd 0851.HK :
* TO ISSUE CONVERTIBLE BONDS DUE 2023 IN AGGREGATE PRINCIPAL
AMOUNT OF HK$150 MILLION
* DECIDED THAT IT WOULD REQUIRE SIGNIFICANT AMOUNT OF
IMMEDIATE
FUNDS TO FINANCE ITS EXPANSION ACTIVITIES & TO IMPROVE ITS
LIQUID CAPITAL
* HAS FORMULATED A BUSINESS PLAN TO IMPROVE BOTH ITS
OPERATIONAL
AND FINANCIAL CONDITIONS
Source text for Eikon: ID:nHKS8RlfY5
Further company coverage: 0851.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Sheng Yuan Holdings
See all newsBrief: Sheng Yuan Expects HY Net Loss HK$11.2 Million
Brief: Sheng Yuan Logs FY Profit Attributable HK$9.7 Mln
Brief: Sheng Yuan Holdings Expects FY Profit Of Not Less Than HK$9.0 Million
Brief: Sheng Yuan Says Li Hongli Appointed As Executive Director, CEO
Brief: Sheng Yuan Holdings Expects HY Net Profit Drop To HK$5.3 Million