| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers P > Headlines for Paka Capital Ltd. > News item |
Paka adjusts exchange ratio on $550 million of trust certs due 2013
By Susanna Moon
Chicago, July 16 - Paka Capital Ltd. adjusted the exchange ratio on the $550 million trust certificates due 2013 exchangeable into shares of Parkson Retail Group Ltd. after payment of a dividend.
The exchange ratio was changed to 40,025.1875 Parkson shares and HK$16,204.92 for each $100,000 certificate, according to a notice by Khazanah Nasional Bhd. as asset manager.
Parkson declared an interim dividend on Aug. 19, 2011 of RMB 0.0700 (HK$0.0858) per Parkson share for the six-month period to June 30 and on Feb. 24 declared a final dividend of RMB 0.1100 (HK$0.1350) per Parkson share for the 12 months to Dec. 31.
The interim dividend was paid on Jan. 3 and the final dividend was paid on June 29, which amounted to RMB 0.1800 (HK$0.2208) per Parkson share combined.
Parkson is a Beijing-based operator of department stores.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.