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SCMP Reporter

Credit Lyonnais Financial Products (Guernsey) has launched an additional 350 million call warrants on Cheung Kong Infrastructure.

  The latest issue comes on top of the 500 million warrants Credit Lyonnais issued last Monday.

  The additional warrants, issued at 35.25 cents each, will be created with the same conditions as the existing warrants.

  The result will be a single series of 850 million call warrants.

  Every 10 of the warrants relate to one issued ordinary share of $1 each in the share capital of Cheung Kong Infrastructure.

  The additional warrants will be placed by a syndicate led by Credit Lyonnais Securities with professional investors and securities dealers.

 The exercise period for the warrants and additional warrants will begin on the date of commencement of dealing on the stock exchange, expected to be September 4.

  The warrants will have an exercise price of $9.92 per share and expire on August 5 1997.

  Cheung Kong Infrastructure is a Hong Kong-based company which develops infrastructure projects in China.

  Its share began trading on the Stock Exchange of Hong Kong on July 17. They were issued at $12.65 and now trade at $12.35.



More warrants on Cheung Kong