Brief: Sunking Power Electronics Announces On Agreement For Conversion Of Capital Into Loan

Sun.King Technology

15/04/2019 16:04

April 15 (Reuters) - SunKing Power Electronics Group Ltd
 0580.HK :
    * JIASHAN SUNKING AS LENDER, HI-TECH PROPERTY  AND JIASHAN
HENGHUA
ENTERED AGREEMENT FOR CONVERSION OF CAPITAL INTO LOAN
    * AMONG RMB50 MILLION OF WHICH HI-TECH PROPERTY IS INDEBTED
TO
JIASHAN HENGHUA, RMB25.5 MILLION WILL BE ASSIGNED TO HI-TECH
PROPERTY
    * REMAINING RMB24.5 MILLION LOAN, WILL BE ASSIGNED TO
JIASHAN
SUNKING WHICH WILL BE ENTITLED TO INTEREST OF 8.3% PA FOR 1 YEAR

Source text for Eikon:  ID:nHKS6hX8Mp 
Further company coverage:  0580.HK 

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