G-Prop passes issue resolution of $380 million CB

G-Prop (Holdings) Limited (0286) shareholders passed the resolution approving the issue of $380 million convertible bonds in the special general meeting today. Simon Chan, Chairman of G-Prop, said that the deal will cause little change to the gearing ratio as the company will use part of the capital raised to repay debts. He also forecasted that the issuance will save $20-30 million

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