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BRIEF-Asiaray Media Group agrees to issue perpetual subordinated convertible securities
September 7, 2017 / 3:03 PM / in 2 months

BRIEF-Asiaray Media Group agrees to issue perpetual subordinated convertible securities

Sept 7 (Reuters) - Asiaray Media Group Ltd:

* Co agreed to issue perpetual subordinated convertible securities in principal amount of HK$50 million

* Conversion price of perpetual subordinated convertible securities of HK$3.54 per conversion share

* Net proceeds from perpetual subordinated convertible securities issue will be about HK$49.7 million Source text: (bit.ly/2j7gPvX) Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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