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Echo Int Hold (08218) placing up to $9.408M CBs
12 Jul 2019
(Infocast News) Echo International Holdings (08218) has agreed to place, through a placing agent on a best-effort basis, convertible bonds with a principal amount of up to HK$9.408 million. The maximum net proceeds of HK$9.18 million will be used by the company for investment in catering business.

Assuming the conversion rights attaching to the bonds have been exercised in full at the initial conversion price of HK$0.049 per share, a maximum of 192 million conversion shares, representing 15.84% of the company's enlarged issued share capital, will be issued by the company.

(WL)
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