09-03-2015, 07:35 PM
I missed this latest conversion dated 4 Mar 15. However it does not seem to have much overhang on CMP share price since its final results release:
http://infopub.sgx.com/FileOpen/Cancella...eID=337434
ANNOUNCEMENT
CONVERTIBLE BONDS DUE 2017 -
CANCELLATION OF BONDS DUE TO CONVERSION
The board of directors (the “Board”) of China Merchants Holdings (Pacific) Limited (the “Company”) wishes to announce that HK$19,000,000 in aggregate principal amount of HK$1,163,000,000 1.25 per cent. convertible bonds due 2017 (credit enhanced until 2015) (the “Convertible Bonds”) have been converted and cancelled pursuant to the exercise of conversion rights by the holder thereof (the “Conversion”). Accordingly, following such conversion and cancellation, the aggregate principal amount of the Convertible Bonds remaining outstanding as of 4 March 2015 is HK$752,000,000.
Arising from such conversion, 3,630,946 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.826 and the total number of issued and paid-up Shares of the Company has increased to 1,057,701,024.
BY ORDER OF THE BOARD
Lim Lay Hoon
Company Secretary
Singapore, 4 March 2015
Based on outstanding HK$752m worth of CBs, the potential shares to be converted at $0.826 is 143.709m.
http://infopub.sgx.com/FileOpen/Cancella...eID=337434
ANNOUNCEMENT
CONVERTIBLE BONDS DUE 2017 -
CANCELLATION OF BONDS DUE TO CONVERSION
The board of directors (the “Board”) of China Merchants Holdings (Pacific) Limited (the “Company”) wishes to announce that HK$19,000,000 in aggregate principal amount of HK$1,163,000,000 1.25 per cent. convertible bonds due 2017 (credit enhanced until 2015) (the “Convertible Bonds”) have been converted and cancelled pursuant to the exercise of conversion rights by the holder thereof (the “Conversion”). Accordingly, following such conversion and cancellation, the aggregate principal amount of the Convertible Bonds remaining outstanding as of 4 March 2015 is HK$752,000,000.
Arising from such conversion, 3,630,946 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.826 and the total number of issued and paid-up Shares of the Company has increased to 1,057,701,024.
BY ORDER OF THE BOARD
Lim Lay Hoon
Company Secretary
Singapore, 4 March 2015
Based on outstanding HK$752m worth of CBs, the potential shares to be converted at $0.826 is 143.709m.
(09-03-2015, 05:21 PM)Nick Wrote: [ -> ]Closed strongly at $1.10 thus making a new all time high. A dividend yield of 6.36% backed by solid (and growing) cash generation while repaying substantial debt regularly. The low gearing gives substantial headroom for new M&A. Let's see how this goes.
(Vested)