ID :
112925
Mon, 03/22/2010 - 16:37
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Shortlink :
http://m.oananews.org//node/112925
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KUI HUNG ENERGY TO BUY COAL ASSET IN MONGOLIA
Ulaanbaatar, /MONTSAME/ Kiu Hung Energy Holdings Ltd, which was formerly known as Kiu Hung International Holdings Ltd, has announced that it intends to acquire a 19.99% stake in First Dean Holding, a coal firm based in Mongolia, for HK$1.4 billion.
The Hong Kong-listed firm will pay HK$3.58 million in cash and will pay HK$209.2 million by issuing 523 million new shares at a price of HK$0.4 apiece, a price 33.3% more than its closing price of HK$0.3 before shares were suspended from trading. The new shares will account for 10% of the enlarged capital. The purchaser will pay the remaining HK$1.22 billion by issuing two batches of convertible bonds.
S.Batbayar
13.38 19 KUI HUNG ENERGY TO BUY COAL ASSET IN MONGOLIA ++E
Ulaanbaatar, /MONTSAME/ Kiu Hung Energy Holdings Ltd, which was formerly known as Kiu Hung International Holdings Ltd, has announced that it intends to acquire a 19.99% stake in First Dean Holding, a coal firm based in Mongolia, for HK$1.4 billion.
The Hong Kong-listed firm will pay HK$3.58 million in cash and will pay HK$209.2 million by issuing 523 million new shares at a price of HK$0.4 apiece, a price 33.3% more than its closing price of HK$0.3 before shares were suspended from trading. The new shares will account for 10% of the enlarged capital. The purchaser will pay the remaining HK$1.22 billion by issuing two batches of convertible bonds.
S.Batbayar
The Hong Kong-listed firm will pay HK$3.58 million in cash and will pay HK$209.2 million by issuing 523 million new shares at a price of HK$0.4 apiece, a price 33.3% more than its closing price of HK$0.3 before shares were suspended from trading. The new shares will account for 10% of the enlarged capital. The purchaser will pay the remaining HK$1.22 billion by issuing two batches of convertible bonds.
S.Batbayar
13.38 19 KUI HUNG ENERGY TO BUY COAL ASSET IN MONGOLIA ++E
Ulaanbaatar, /MONTSAME/ Kiu Hung Energy Holdings Ltd, which was formerly known as Kiu Hung International Holdings Ltd, has announced that it intends to acquire a 19.99% stake in First Dean Holding, a coal firm based in Mongolia, for HK$1.4 billion.
The Hong Kong-listed firm will pay HK$3.58 million in cash and will pay HK$209.2 million by issuing 523 million new shares at a price of HK$0.4 apiece, a price 33.3% more than its closing price of HK$0.3 before shares were suspended from trading. The new shares will account for 10% of the enlarged capital. The purchaser will pay the remaining HK$1.22 billion by issuing two batches of convertible bonds.
S.Batbayar
