Debt - Change of Terms::AMENDMENTS TO THE TERMS OF THE CONVERTIBLE NOTES

Issuer & Securities

Issuer/ Manager
HYDOO INTERNATIONAL HOLDING LIMITED
Securities
HYDOO INT US$100M13.75%N181215 - XS1332095659 - 38QB
Stapled Security
No

Announcement Details

Announcement Title
Debt - Change of Terms
Date &Time of Broadcast
12-Jan-2016 09:48:59
Status
New
Announcement Sub Title
AMENDMENTS TO THE TERMS OF THE CONVERTIBLE NOTES
Announcement Reference
SG160112OTHRL4RT
Submitted By (Co./ Ind. Name)
Issuer Services
Designation
SGX-ST
Description (Please provide a detailed description of the change in the box below)
The Board announces that on January 11, 2016, the Company, the Subsidiary Guarantors and the Trustee entered into the First Amendment to Indenture, pursuant to which the Company, the Subsidiary Guarantors and the Trustee agreed to amend certain terms of the Convertible Notes (the 'Amendments'). The Company has obtained consent from the Sole Noteholder to adopt the Amendments.
The First Amendment to Indenture constitutes an alteration in the terms of convertible debt securities after issue under Chapter 28 of the Listing Rules. As the First Amendment to Indenture constitutes a material change to the terms of the Convertible Notes and be treated as if it were a new issue of convertible securities, it shall be subject to the approval of the Stock Exchange accordingly. In addition, the Board was authorized to allot and issue up to a maximum of 802,968,800 Shares under the General Mandate. Up to the date of this announcement, no Shares have been issued pursuant to the General Mandate and accordingly, the issue of the Conversion Shares which shall be issuable pursuant to the terms of the Convertible Notes will be effected under the General Mandate and is not subject to any approval by the shareholders of the Company.
The Company has made an application to the Stock Exchange for its approval of the Amendments under the First Amendment to Indenture.

Additional Details

Asset Class
Convertible Bonds

Attachments

E HYDOO.pdf
Total size =69K

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