Ao Liang (00547) Yun Tin Industry (00263) Chairman Sun Hung the company with a substantial premium of 95.12% to complete the purchase, this morning, the stock price jumped 2.4 times times to 0.14 yuan, has been higher than the full prices of 0.08 yuan. The current price of 0.12 yuan, still rose more than 1.9 times times, a temporary transaction of more than 6.6 million yuan. Cloud tin industry repeated, now reported 0.242 Yuan, down 0.4%. Olympus announced that Sun Coarse Hong and Zhou held the Wise Sun Holdings 2¥q, because the company has held about 560 million shares (38.12%), routinely to other shareholders to make a mandatory comprehensive offer, the purchase price of 0.08 yuan per share, compared to the prior suspension of the market price of 0.041 yuan premium of about 95.12%. Wise Sun intends to maintain the market position of Ogilvy on the SEHK. In addition, the Austrian light plans to issue up to 320 million yuan of new convertible bonds, of which 200 million yuan by the placement agent, that is, the cloud tin industry, the wholly-owned companies in the financial efforts to allocate, the remaining 120 million yuan by Wise Sun subscription. The initial exercise price of the new convertible bonds is $0.04 per share, which is 2.44% more than the market price before the suspension of trading, and 0.5% annually. The full convertibility of the new convertible bonds will be issued for 8 billion shares, which ultimately depend on the placement of new convertible bonds. If the placing agent does not succeed in placing more than $100 million in the placing convertible bonds at the end of the placing period, Ogilvy and Wise Sun will further negotiate the repayment terms of the remaining short-term loan financing of $30 million. It is estimated that the maximum net income of the new convertible bonds will be $315.2 million, of which about $80 million would be used to repay the group's loans and related debt settlement costs, and the other 235.2 million dollars to be used for operating funds and investment in the future where appropriate opportunities arise.
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