Brief: China Meidong Auto Announces Proposed Issue Of HK$2.8 Bln Zero Coupon Bonds Due 2027 By Sail Vantage

China MeiDong Auto Holdings

06/01/2022 24:35

Jan 6 (Reuters) - China MeiDong Auto Holdings Ltd  1268.HK :
    * PROPOSED ISSUE OF HK$2.8 BILLION ZERO COUPON CONVERTIBLE
BONDS
DUE 2027 BY SAIL VANTAGE LIMITED
    * BONDS ARE CONVERTIBLE INTO SHARES AT INITIAL CONVERSION
PRICE
HK$46.75 PER SHARE
    * ESTIMATED NET PROCEEDS FROM ISSUE OF BONDS WILL BE
APPROXIMATELY
HK$2,689.66 MILLION

Source text for Eikon:  ID:nHKSbrhYQb 
Further company coverage:  1268.HK 

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