KCRC wants to amend certain terms and conditions of the companyÆs outstanding bond issues, including event of default, provision and consolidation clauses. Consenting KCRC bondholders will receive a one-time payment of 0.25% per nominal of the principal.
MTRC, meanwhile, is awaiting approval for the merger from its minority shareholders.
The merger process began in 2004, when the Government of Hong Kong invited both companies to begin discussions about a possible amalgamation. In 2006, it signed a non-binding agreement...
¬ Haymarket Media Limited. All rights reserved.
