GUVERNMENT HUUSE
HUNG KUNG
22-NWV-199: 17:41
31 11-21 11:56
SECRETARIAT PRESS OFFICE
PHGE 11
+ 852 860 5212
P.04
al
(9)
(a)
bank commences business; and
4 instalments each of 10% of their original
balance at 6-monthly intervalLS after the
Iirst anniversary of the date on which
the new bank commences business;
no interest will be paid after 16th July 1991;
(5) the deterred payments will be treated as new
deposits with the new bank which will be
evidenced by negotiable certificates of deposit
be issued by the new bank within
to
days of its commencing business;
(6) other conditions as detailed in the Further
heads of Agreement.
TO put this arrangement into legal effect a detailed scheme document was being prepared by Mr Gleeson's
iluancial auvisers, Jardine Fleming Securities Limited. M15 intention was that, subject to approval of the High
LOUIT, the scheme would then be put to the depositors tuelt approval as a scheme of arrangement at a meeting
convencu under section 166 of the companies Ordinance
the purpose.
LV
LUL
The scheme document would contain a detailed
description of the arrangement and would be accompanied
No comments yet.
Private notes are available after approval.