Financial Capital

Money matters

Debenture A long-term, financial debt instrument that is used to raise funds for capital assets such as school buildings and generally gives priority on the waiting list to a child who has passed the school's admission test and interview.

Saturday, 22 February, 2014, 3:21pm

Rein in the banks and end fat-cat bonuses

Bankers and financiers in the West have long been accustomed to being treated like masters of the universe. It must, therefore, be disconcerting to be cast in the role of public villains in the two years since the onset of the financial crisis. The Financial Crisis Inquiry Commission in the US lined up Wall Street's top bankers for public testimony last week.

21 Jan 2010 - 12:00am

School costs pricing HK out of market for talent

Debenture costs at some of the city's leading international schools have hit the stratosphere and beyond. As we report today, the Independent Schools Foundation Academy has set what is believed to be a record price for an international school with its new issue of corporate debentures costing a whopping HK$1.6 million.

6 Dec 2009 - 12:00am

School plans to end trading in debentures

HK$3m quote brings move to stop second-hand market in pupil places

A leading international school has drawn up a plan for early recall of its corporate debentures in a bid to stamp out second-hand trading at inflated prices.

24 Jun 2007 - 12:00am

Reports misconstrue importance of debenture system to our school

Your articles ('Call to act on 'crazy' school place race,' June 17) and ('Parents pay HK$1m for place in primary class,' June 10) on the issuance of Corporate Nomination Rights (debentures) have misconstrued their significance to the Chinese International School (CIS).

24 Jun 2007 - 12:00am

An investment and a headache for HK parents

Amanda Price investigates debenture options for international schools

No two methods of capital investment in an international school in Hong Kong are alike.

10 Jun 2007 - 12:00am

Risky bets may return to haunt financiers

Plenty of prominent financiers seem to be suffering acute attacks of the wobblies at the moment.

The reasons they give for their nervousness vary. Some, like hedge fund manager Jim Rogers, blame the world's central banks for printing too much money and debasing the value of financial assets. 'Bonds are finished,' he told a Hong Kong audience last week.

2 Apr 2007 - 12:00am

Shock at $300k HKIS debentures hike

Lutheran school plans to buy back existing contracts, raise price to $500k and downgrade entitlements

Hong Kong International School has stunned multinational corporations by unveiling sweeping changes in its debentures policy.

2 Jul 2005 - 12:00am

Japan gives approval to injection of money into leading banks

Japan yesterday gave an informal approval to an injection of public money into leading banks to prop up their capital and encourage problem loan disposals, officials said.

The Financial Reconstruction Commission told banks to prepare for issuance of preference shares and similar equities which would be bought up by the commission.

13 Feb 1999 - 12:00am

Global Food forms new venture

Global Food Culture Group yesterday said its indirectly wholly-owned subsidiary Time Economics had formed a new venture with Food Culture controlling shareholder Tang Sung-kwong, Koffman Financial Group and KG Financial Services. The new venture would acquire financial firms GF Financial Services and its sole subsidiary Global Capital.

31 Jul 1998 - 12:00am

GKC may see change in control

Discussions are under way between controlling shareholders of kitchen refurbishment materials trader GKC Holdings which might lead to a change in control.

The company yesterday requested a suspension in its share trading at the beginning of the afternoon session and said it would make an announcement relating to liquidity and the shareholder discussions.

4 Jul 1998 - 12:00am

Weak trade sees Sun Hung Kai reduce nominal share value

Sun Hung Kai & Co is proposing to reduce the face value of its shares to 20 cents from $1 because its trading price has been hovering at levels below the original face value. This is not allowed under the Companies Ordinance. The move would generate a surplus of $930.02 million which will be booked in the company's capital reserve account.

4 May 1998 - 12:00am

South China plans $83m share issue

South China Holdings plans to raise $83 million by issuing not less than 76.02 million new shares at $1.10 each.

Shareholders have undertaken to apply for about 51.46 million new shares.

The issue will be allotted on the basis of one for every five shares held by shareholders. This excludes overseas shareholders.

26 Jan 1998 - 12:00am

Over-allocation option used

H-share First Tractor says an over-allocation option has been partially exercised by Peregrine Capital on July 8 in respect of 17 million extra new H shares to cover over-allocations in the placing. The latest shares, to be issued at $4.50 each, will raise $74.6 million for working capital.

9 Jul 1997 - 12:00am

Banishing par value

A flexible capital structure would improve management's ability to raise capital and restructure more efficiently, the report states.

It recommends sweeping changes to cumbersome procedures and recommends the scrapping of par value - a means of measuring liquidity - and partially paid shares.

2 May 1997 - 12:00am