Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
SUNAC Outstanding Mandatory Convertible Bonds Total Principal Amt ~US$718M; Certain Conversion Notices Received
Recommend 14 Positive 18 Negative 12 |
||||
|
||||
|
As of today (22nd), the aggregate principal amount of the mandatory convertible bonds (MCB) of SUNAC (01918.HK) that have not been converted is nearly US$718 million. Since SUNAC has received the winding-up petition issued by China Cinda (HK) Asset Management Co., Limited against the Company, the Company has received conversion notices from certain holders of the MCB to apply for the conversion of the MCB held by them into shares, SUNAC said. Subject to the terms and conditions of the MCB, the initial conversion price in respect of this conversion is $4 per share. Pursuant to the terms of the MCB, holders of the MCB may deliver conversion notices in respect of the conversion of all or part of the MCB they hold into shares. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
