SINGAPORE (Oct 16): Asian Healthcare Specialists (AHS) is proposing to issue $5 million in convertible bonds due in 2021 to Vanda 1 Investments at the conversion price of 25 cents per conversion share.

The issuance comes with a grant of an option for the investor to subscribe for another $5 million worth of shares at the price of 32.5 cents per option share.

The conversion and option prices represent a respective 0.2% and 30.3% premium over AHS’s volume weighted average price for trades done on 12 Oct at 24.95 cents.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook