Chinasoft to Issue 200 Million Yuan of 4.25% Three-Year Convertible Notes
Stock Chart for Chinasoft International Ltd (354)
Chinasoft International Ltd. agreed to issue 200 million yuan of 4.25 percent convertible notes due 2013 to EJF Capital LLC to fund a planned acquisition, the company said in a Hong Kong stock exchange filing.
The notes will be convertible into as many as 464 million new Chinasoft shares, according to today’s filing. Chinasoft will resume trading in Hong Kong tomorrow.
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