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6833 - Sinco Pharmaceuticals Holdings News Story

HK$0.59 0.0  0.0%

Last Trade - 4:55am

Sector
Consumer Defensives
Size
Small Cap
Market Cap £93.5m
Enterprise Value £86.5m
Revenue £228.0m
Position in Universe 3378th / 6086

BRIEF-Sinco Pharmaceuticals Conditionally Agreed To Place Up To 338.4 Mln Placing Shares

Mon 4th February, 2019 12:52pm
Feb 4 (Reuters) - Sinco Pharmaceuticals Holdings Ltd
 6833.HK :
    * CONDITIONALLY AGREED TO PLACE UP TO 338.4 MILLION PLACING
SHARES
AT NOT LESS THAN HK$0.443 PER PLACING SHARE
    * CO TO ALSO PLACE CONVERTIBLE BONDS OF UP TO PRINCIPAL
AMOUNT OF
HK$170 MILLION
    * CO TO BUY ENTIRE ISSUED SHARE CAPITAL OF UNIT OF PIEL
CAPITAL CO
AT US$16 MILLION
    * CONVERSION PRICE OF CONVERTIBLE BONDS NOT LESS THAN
HK$0.488 PER
CONVERSION SHARE

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS9xW4dQ
Further company coverage:  6833.HK 

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