Shareholder vote on Panda Green debt repayment plan delayed
The indebted Chinese developer has put back plans to set a date for its huge shares issue scheme by three weeks. The company needs to raise HK$1 billion that is due for repayment by May but needs stock holders to agree to significantly dilute their stakes.
Panda Green – shareholder’s daughter appointed non-exec director
Economics graduate Xie Yi is the daughter of shareholder He Bing, whose BVI-registered Asia Pacific Energy and Infrastructure Investment Group Ltd are preparing to acquire a 6.49% stake in the enlarged business, on top of He’s existing holding.
