Asia Television Holdings Terminates Subscription of Convertible Bonds of HK$300 Million

MT Newswires Live08-05

Asia Television Holdings (HKG:0707) terminated the subscription agreement dated May 14, 2021, relating to the subscription of convertible bonds with Nanotechnology Singapore, a Friday filing with the Hong Kong Exchange said.

The company agreed to allot and issue convertible bonds of HK$300 million to the subscriber at a conversion price of HK$0.1 per conversion share or HK$1.0 per conversion share after the completion of the capital reorganization the company was implementing at the time.

Both parties have agreed to terminate the agreement with no obligations or liabilities towards each other.

The company's shares were down over 14% on Monday's close.

Price (HKD): $0.16, Change: $-0.03, Percent Change: -14.36%

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