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PegBio Co., Ltd. Capital/Financing Update 2008

Jul 3, 2008

50676_rns_2008-07-03_92b41040-edb2-4a70-8e7a-325d6b32f32c.pdf

Capital/Financing Update

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==> picture [42 x 40] intentionally omitted <==

XIN CORPORATION LIMITED 新 創 綜 合 企 業 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 1141)

MONTHLY ANNOUNCEMENT ON THE SECOND TRANCHE OF THE CONVERTIBLE NOTES

The Company made this announcement pursuant to paragraph (i) under the heading “Dilution effect on Shareholders” of the Circular.

Reference is made to the announcement of Xin Corporation Limited (the “Company”) dated 28th June, 2007 and the circular of the Company dated 19th July, 2007 (the “Circular”). The Company made this announcement pursuant to paragraph (i) under the heading “Dilution effect on Shareholders” of the Circular. Capitalised terms used in this announcement shall have the same meanings as defined in the Circular unless otherwise defined.

The Board would like to report that no conversion for the second tranche of the Convertible Notes (the “2nd Tranche of the Convertible Notes”) was made by their holders during the month of June 2008. As at 30th June, 2008, the outstanding principal amount of the 2nd Tranche of the Convertible Notes is HK$32,500,000.

The Company has not issued any Shares during the month of June 2008. Information regarding the total issued share capital of the Company as at 1st June, 2008 and 30th June, 2008 are set out below:

Issued share capital Number of issued Shares
HK$
As at 1st June, 2008 12,457,146.23 1,245,714,623
As at 30th June, 2008 12,457,146.23 1,245,714,623

This announcement is only released through the web-site of The Stock Exchange of Hong Kong Limited and no publication in the newspaper is made.

On behalf of the Board

Lo Ming Chi, Charles Deputy Chairman and Chief Executive Officer

Hong Kong, 3rd July, 2008

As at the date of this announcement, the Board comprises Mr. Suen Cho Hung, Paul (Chairman), Mr. Lo Ming Chi, Charles (Deputy Chairman and Chief Executive Officer), Mr. Yu Wai Man, Mr. Zhang Zhidong and Mr. Sue Ka Lok as executive Directors and Mr. Wong Kwok Tai, Mr. Weng Yixiang, Mr. Lu Xinsheng and Mr. Xiong Wei as independent non-executive Directors.

* For identification only