[ET Net News Agency, 24 May 2019] Top Standard Corporation (08510) said a placing agent
and the company have entered into a placing agreement. The placing agent conditionally
agreed to procure, on a best effort basis, the placees to subscribe for bonds in an
aggregate principal amount of up to HK$30 million during the placing period.
The interest rate is 10% per annum. The maturity date is on the second anniversary of
the issue of the relevant bonds.
The group is principally engaged in the operation of full-service restaurants under
self-owned brands in Hong Kong and Taiwan. Assuming the bonds are placed in full, the
maximum aggregate gross proceeds from the placing will be HK$30 million and the net
proceeds will be approximately HK$29.6 million. The directors intend to apply the net
proceeds as general working capital of the group and as possible investment in the future
when opportunities arise. (RC)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
08510 TOPSTANDARDCORP
Nominal 
0.118 -0.008 (-6.349%) Disclosure of Interest
24/05/2019 15:40
Top Standard Corp (08510) to place HK$30m bonds
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |