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PegBio Co., Ltd. Capital/Financing Update 2007

Mar 2, 2007

50676_rns_2007-03-02_47692f28-a59b-4da5-8622-a770ccd45f13.pdf

Capital/Financing Update

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

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(Incorporated in Bermuda with limited liability)

(Stock Code: 1141)

HK$37,000,000 1 PER CENT CONVERTIBLE NOTE DUE 2009 MONTHLY ANNOUNCEMENT

Reference is made to the Company’s announcement dated 17th February, 2006 and the Company’s circular dated 10th March, 2006. The Board would like to report that no conversion of the Convertible Note was made by the holder of the Convertible Note during the period from 1st February, 2007 to 28th February, 2007.

Reference is made to the announcement of Xin Corporation Limited (the “Company”) dated 17th February, 2006 and the circular of the Company dated 10th March, 2006 (the “Circular”). The Company made this announcement as per the requirements of paragraph (a) under the heading “Dilution Effect on Shareholders” of such announcement and 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 of the Convertible Note was made by the holder of the Convertible Note during the period from 1st February, 2007 to 28th February, 2007. The Company has not issued any Shares during the month of February 2007. Information regarding the total issued share capital of the Company as at 1st February, 2007 and 28th February, 2007 is set out below:

Issued share capital Number of Shares
(HK$)
As at 1st February, 2007 3,308,160.56 330,816,056
As at 28th February, 2007 3,308,160.56 330,816,056

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.

By Order of the Board Lo Ming Chi, Charles Chairman

Hong Kong, 1st March, 2007

As at the date of this announcement, the Board comprises Mr. Lo Ming Chi, Charles (Chairman), Mr. Yu Wai Man, Mr. Wilson Ng, Mr. Ng Wee Keat and Mr. Ng Eng Leng as executive Directors and Mr. Wong Kwok Tai, Mr. Lau Pok Lam and Mr. Ko Kwong Woon, Ivan as independent non-executive Directors.

* For identification only