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China Sandi (0910) proposes to issue unlisted warrants
Company announcement, 21-Dec-2015
It fails to say who owns the BVI subscriber, Chance Talent Management Ltd. We can tell you that it is wholly owned by China Construction Bank (0939). The 2-year warrants will be issued for just $0.01 each, far below theoretical value. A parallel issue of HK$150m of 10% notes to the same entity is not conditional on the warrant issue.
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