i-CABLE HK$660 million rights and convertible bond issue

Overview:

• i-CABLE, an integrated communications services provider in Hong Kong, has made a rights issue and an issue of unlisted convertible bonds raising an aggregate of HK$660 million.
• This is the first rights issue in Hong Kong that involves compensatory arrangements pursuant to the Hong Kong stock exchange's amendments to the main board listing rules.

Adam Majeed - Regional editor