Convertible Bond | South China Morning Post
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  • Apr 2, 2015
  • Updated: 12:59pm

Convertible Bond

Bullish on bonds

Daily markets tell a tale of unremitting gloom. Economies are weak, share prices are sinking, the euro-zone crisis goes on and on. But there is a market out there that is not just trending up, it's booming: bonds.

Monday, 30 July, 2012, 12:00am

ENM's bond purchase sends shares surging

Shares of ENM Holdings - owned 34.59 per cent by the estate of Nina Wang Kung Yu-sum, once Asia's richest woman - surged yesterday on news that it had acquired convertible bonds in a mainland property developer near Beijing.

The shares rose as much as 30 per cent before closing at 60 HK cents yesterday, 27.66 per cent up from last Friday.

9 Feb 2010 - 12:00am

BOC debt proposal aims to lift capital

Bank of China proposes to issue up to 40 billion yuan (HK$45.45 billion) of A-share convertible bonds, paying up to 3 per cent, and to seek a general mandate to allow it to issue 20 per cent more new A shares and H shares. The issues will allow the lender to bolster its capital and will require shareholder and regulatory approval.

23 Jan 2010 - 12:00am

ATV shareholders at loggerheads for months

The relationship between two of ATV's largest shareholders, Payson Cha Mou-sing and Taiwanese snack food tycoon Tsai Eng-meng, was severely strained months before Linus Cheung Wing-lam's resignation as the troubled broadcaster's chairman last week.

15 Dec 2009 - 12:00am

Stakeholders in troubled ATV fight over shares

The dispute between the two big stakeholders in troubled terrestrial broadcaster ATV - whose chairman suddenly resigned recently - has escalated to a new level.

11 Dec 2009 - 12:00am

Bain in HK$3.6b deal to acquire Gome stake

Bain Capital Asia has spent HK$3.6 billion to become the second-largest shareholder in Gome Electrical Appliances Holding after buying new shares and convertible bonds in the mainland's largest electrical appliance retailer.

The United States private equity fund bought 2.484 billion new shares in Gome at 67.1 HK cents each through a placement.

13 Jun 2009 - 12:00am

Gome looking into reports of boss' detention

Gome Electrical Appliances Holding said it was making inquiries into reports about the detention of chairman Wong Kwong-yu over alleged share price manipulation as trading in the company's shares was suspended yesterday.

25 Nov 2008 - 12:00am

Pacific Basin taps market for HK$2.1b

Dry-bulk shipper Pacific Basin Shipping is to raise HK$2.14 billion in its second fund-raising exercise in six months.

The company has reached an agreement to place 158.598 million shares at HK$13.52 each, a discount of 7.02 per cent to yesterday's close of HK$14.54.

9 May 2008 - 12:00am

StanChart raises stake in Asia Commercial

British-based Standard Chartered, through unit Standard Chartered Bank (Hong Kong), has agreed to buy from International Finance Corp 6.16 per cent of Asia Commercial Bank, lifting its stake to 15 per cent, according to the bank's announcement on the stock exchange website last night.

3 May 2008 - 12:00am

Fu Ji Food, Hang Fung Gold sell bonds to raise total of US$370m

Fu Ji Food & Catering Services Holdings, which sells cooked meals in Shanghai, is raising as much as US$200 million from selling convertible bonds for expansion, according to a term sheet sent to investors.

12 Oct 2007 - 12:00am

Xinyu Hengdeli seeks 1b yuan from bonds

Xinyu Hengdeli, a mainland luxury watch distributor partly owned by Swatch, is seeking to raise at least one billion yuan from selling convertible bonds to fund expansion, according to a term sheet sent by BNP Paribas to investors.

26 Jul 2007 - 12:00am

Coastal Greenland aims for US$200m bond issue

Coastal Greenland, a small Hong Kong-listed mainland developer of commercial and residential properties, was preparing for its first public global bond sale to raise up to US$200 million to invest in properties and finance projects, market sources said.

12 Jul 2007 - 12:00am

China Central plans GBP150m AIM flotation

China Central Properties said it planned to raise about GBP150 million (HK$2.32 billion) from a flotation on the London Stock Exchange's AIM Market.

16 May 2007 - 12:00am

Machinery firm raises US$489m from stocks, bonds

Funds are for expansion, acquisitions

China Infrastructure Machinery Holdings, which makes construction equipment, and its chairman Li San-yim, raised US$489 million by selling shares and bonds convertible into shares, market sources said.

11 Apr 2007 - 12:00am

Hanny plans debt sale to purchase China property

US$150m convertible bond issue will be taken up by consortium headed by ITC

Investment firm Hanny Holdings plans to sell US$150 million of bonds convertible into shares to a consortium of investors led by key shareholder ITC Corp to buy property in the mainland through unit China Enterprises.

8 Jul 2006 - 12:00am

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