Brief: Television Broadcasts Updates On SMI Convertible Bonds

Television Broadcasts

14/05/2019 14:56

May 14 (Reuters) - Television Broadcasts Ltd  0511.HK :
    * INSTRUCTED ITS LEGAL ADVISER MAYER BROWN AND FINANCIAL
ADVISER
ERNST & YOUNG TO REVIEW SMI CONVERTIBLE BONDS
    * NOTED THAT SMI INTERNATIONAL CINEMAS APPEARS TO HAVE
PLEDGED
PART/ALL OF ITS STAKE IN CHENGDU RUNYUN IN AUG'18 FOR RMB500
MILLION
    * PRC SHARE PLEDGES WERE GIVEN WITHOUT CONSENT OF CO &
SMIIC'S
PLEDGE MAY CONSTITUTE BREACH OF SHARE CHARGE GIVEN BY CAMPBELL
HALL
    * PRC SHARE PLEDGES, LOAN THAT SMIIC'S PLEDGE SECURES MAY
NEGATIVELY IMPACT VALUE OF SECURITY HELD BY CO

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