(Bloomberg) -- Capital Strategic Investment Ltd., a
Hong Kong-based investor in real estate, will raise HK$390
million ($50 million) after agreeing to sell convertible bonds to
seven investors including hedge fund Stark Investments.
The investors -- Stark, Lehman Brothers Holdings Inc.,
Citadel Equity Fund Ltd., Perry Principals LLC, Credit Suisse
Group, Harmony Investment Fund Ltd., and SBI E2-Capital
Securities Ltd. -- can convert the five-year 2 percent bonds into
Capital Strategic's shares at 51 Hong Kong cents apiece, 29
percent above the closing price yesterday, the company said in a
statement to the Hong Kong Stock Exchange today.
Read more at Bloomberg Emerging Markets News
Hong Kong-based investor in real estate, will raise HK$390
million ($50 million) after agreeing to sell convertible bonds to
seven investors including hedge fund Stark Investments.
The investors -- Stark, Lehman Brothers Holdings Inc.,
Citadel Equity Fund Ltd., Perry Principals LLC, Credit Suisse
Group, Harmony Investment Fund Ltd., and SBI E2-Capital
Securities Ltd. -- can convert the five-year 2 percent bonds into
Capital Strategic's shares at 51 Hong Kong cents apiece, 29
percent above the closing price yesterday, the company said in a
statement to the Hong Kong Stock Exchange today.
Read more at Bloomberg Emerging Markets News
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