HK listing10 Sep 2019 19:14
Pursuant to the Agreement, Double River Limited, a company registered in the British Virgin Islands, has agreed to provide a loan for HKD11,500,000 (approximately £1,118,000) (the “Loan”). The Loan will be converted automatically into ordinary shares of the Company at a price of approximately HKD0.481 (approximately 4.7 pence) per share on the Company obtaining regulatory approval from the relevant authority for the new listing before the Maturity Date (as defined hereinbelow). The “Loan has a term of 12 months from the date the Company receives the sum of the Loan from the Lender (the “Maturity Date”), and, in the event that the Loan is not converted, carries an interest at a rate of 12 per cent. per annum due on the Maturity Date. If the Loan is converted, no interest will be applied”.
So time tuning out, is it still possible to switch markets in the time scale?