Anglo Chinese Securities, Limited, Hong Kong (“Anglo Chinese”) wishes to alert members of the general public and users of its website to the existence of potential fraudulent operators and their website which claim an association with Anglo Chinese.
In particular, it has been discovered that a domain name www.angloplus.com (“Offending Website”) appears to be, or is claiming to be associated with, our business.
Anglo Chinese confirms that it has no connection or association with the Offending Website at all. Other than the official website www.anglochinesegroup.com, Anglo Chinese does not use any other websites and has not authorized any use of its name or holding out of any association. If you are suspicious of the authenticity of any contact made or website found, please contact us.
Anglo Chinese was the independent financial adviser to Cathay Pacific Airways Limited regarding the HK$39.0 billion recapitalisation proposal involving (1) proposed issue of preference shares and warrants; and (2) proposed rights issue of rights shares on the basis of seven rights shares for every eleven existing shares; and (3) proposed bridge loan facility
Cathay Pacific mainly engaged in the provision of international passenger and cargo air transportation through its Cathay Pacific, Cathay Dragon , Air Hong Kong and HK Express segments
The transaction drew much debate amongst the private and public sectors
our roles
Extensive analysis of the terms of the rights issue
Assessment of relevant facts and company financials
Evaluation of the rights subscription price, potential impact on the company’s gearing position and potential dilution effect on the interests of the independent shareholders
A rights issue of this size required an independent financial adviser with deep corporate finance experience and extensive local knowledge of the Hong Kong political and economical environment
key matters
Establishing the reasonableness of the rights subscription price and the timing of the recapitalisation proposal in response to the outbreak of the global COVID-19 pandemic that created the significant challenges for the airline industry
