NAS HOLDINGS (08080.HK) to issue CPS with warrants 2013-04-08 09:47:11
NAS HOLDINGS (08080.HK) announced that the Company entered into a conditional Subscription Agreement with the Subscriber Tung Shum pursuant to which the Subscriber conditionally agreed to subscribe and the Company conditionally agreed to allot and issue 1,400,000,000 convertible preference shares (CPS) (with Warrants) at HK$0.228 per CPS for an aggregate subscription price of HK$319.2 million payable at Completion. The CPS is convertible into CPS Conversion Shares at the initial conversion ratio of one CPS to one CPS Conversion Share.
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