Examples of Convertible Bonds in a sentence
On 7 August 2007, the Company and the Subscriber entered into the Subscription Agreement in respect of the proposed issue of the Convertible Bonds in the principal amount of HK$7,200,000.
To the best of the Directors’ information and knowledge, no Shareholders have material interests in the issue of the Convertible Bonds and therefore no Shareholders are required to abstain from voting at the EGM.
With the prior written consent of the Company, the Convertible Bonds may be transferable provided always that no transfer or assignment of the Convertible Bonds shall be made to any connected person of the Company.
The Directors (including the independent non-executive Directors) consider that the issue of the Convertible Bonds is an appropriate means of raising additional fund for the Company since it will not have an immediate dilution effect on the shareholding of the existing Shareholders.
The terms of the Subscription Agreement are arrived at after arms length negotiations between the Company and the Subscriber and the full deposit is subject to conditions precedent to the Subscription of the Convertible Bonds.