Gowin New Energy Group Limited £400K Convertible Loan Notes & Director's dealing (8077C)
30 June 2016 - 8:16PM
UK Regulatory
TIDMGWIN
RNS Number : 8077C
Gowin New Energy Group Limited
30 June 2016
30 June 2016
Gowin New Energy Group Limited
("Gowin" or the "Company")
GBP400,000 Convertible Loan Notes and Director's dealing
The Company is pleased to announce that it has acquired
convertible loan notes (the "Convertible Loan") of a face value of
GBP400,000. The Convertible Loan is provided by Mr Chen Chih Lung.
Mr Chen Chih Lung purchased the loan between FonYu Investment
Consultants Co Ltd and Gowin New Energy Group Ltd. The sale was
completed on 10 June 2016.
The Noteholder of the Convertible Loan Notes, which are
interest-free, may convert the whole or any part of his holding of
Notes (subject to a minimum aggregates principal amount of
GBP10,000 being converted each time) into fully paid New Ordinary
Shares at the rate of one Ordinary Share for every GBP0.002
principal amount of Notes converted.
Director's dealing
Mr Chen Chih Lung, Director of the Company has agreed to buy the
existing loan provided to the Company, by FonYu Investment
Consultants Co Ltd. The loan was sold at the face value of
GBP400,000.
The directors of Gowin New Energy Group Limited accept
responsibility for this announcement.
For further information please visit www.gowinyichia.com or
contact the following:
Garry Willinge Gowin New Energy Group Limited +852 9100 9972
David Scott / James Dewhurst Alexander David Securities Limited +44 20 7448 9820
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 30, 2016 06:16 ET (10:16 GMT)