129770871356093750_143Every reporter Xu Jinmin convened general meeting of shareholders of suspension of yanjing (000729
tera gold, closing price before $ 15.13), today disclosed its down price of convertible bonds into shares of motion as amended was adopted. At this point, "Yenching convertible bond" conversion price from $ 21.66 per unit reduced from $ 15.37/unit, adjust the site of 29%. Yanjing beerOr to holders of convertible bonds into shares, relieve the pressure because it brought back capital to facilitate the acquisition of kingway (00124,HK) some of the beer business and assets. Convertible bond conversion price reduced $ 6.29 yanjing beer bulletin today, March 23, general meeting of shareholders adopted the revised down price of convertible bonds into shares of the company's motion》。 Under the rules, determining revised into share price of $ 15.37/unit. Yanjing beer before the suspension only of the price closed at $ 15.13/share $ 0.24 per cent higher than before the adjusted conversion price of $ 21.66 $ 6.29/share/unit. Yanjing beer down the convertible bond conversion price mean? The company's convertible bonds to raise descriptionBook of answers are given. In accordance with the Convention: in equity, only if the company's stock closed at 30 consecutive trading day lower than to share price in the period 70%, convertible bonds of the convertible bond holders have the right to hold it all or part of 102% at face value back to the company. That is to say, only if the closing price of yanjing beer 30 consecutive trading day lower than 10.7$ 59/unit time
tera power leveling, convertible bond holders have the right to "Harvard-Yenching convertible bond" back to yanjing. On the secondary market, in 2009, 2010 and 2011, the yanjing beer stock has never touched $ 10.759/share, convertible bond holders to exercise rights back, its difficult to imagine. They eventually only select shares, this is yanjing beer-GreekWatch, announcement of its March 8 is described. Or related to the acquisition of kingway yanjing beer why hope investors into stocks, rather than back convertible bonds to the company? There has been speculation that Jinwei beer assets may be acquired. On January 20, kingway said
tera gold, intends to sell some beer production facilities or rental business and assets, excluding companyShares. Subsequently pointed out that the media, yanjing beer, crsb and Budweiser InBev has been successfully shortlisted in the first round of quotations, last traded price of $ 5 billion or higher. Yanjing beer 2011 three quarterly shows, book monetary funds for $ 2.401 billion company, asset-liability ratio of 40.63%. If the company wishes to Jinwei beer business and assetsLooking into her arms, or refinancing will be started. However, the convertible bonds allow the company opening year in 2012 "hemorrhage". On January 17, the yanjing beer release back to the sale announcement, because the trigger back to the terms of sale, the company will sell back "Yenching convertible bond", back to the sales report period is January 30, 2012. On February 10, "Yenching convertible bond" backResults announced, number back to 2,622,681, sales amounted to $ 270 million. Shareholder's limited commitment to display help information about "Harvard-Yenching convertible bond" 8,677,319 flow, if the deduction of shareholders held by Beijing yanjing $ 640 million, yanjing beer also need funding of about $ 300 million sales.On March 8, the Beijing yanjing pledged: no reduction of yanjing beer stock within the next year. There was market speculation: "big shareholder's move was intended to stimulate share prices rose. If the destination reached, convertible bond holders will naturally be more willing hands of convertible bonds into shares, sold in the secondary market for more profit, it will no doubt alleviate the yanjing beer backPressure. "But the commitment is not apparent boost in stock prices, yanjing beer up 0.58% only on that day. On March 22, Beijing yanjing brewery continued to "medicine", "years" to "five years". In order to guarantee the "Harvard-Yenching convertible bond" holders of equity, yanjing beer is really taken pains!
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