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Gowin New Energy Grp (GWIN)

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Thursday 30 June, 2016

Gowin New Energy Grp

£400K Convertible Loan Notes & Director's dealing

RNS Number : 8077C
Gowin New Energy Group Limited
30 June 2016
 

30 June 2016

 

Gowin New Energy Group Limited

("Gowin" or the "Company")

£400,000 Convertible Loan Notes and Director's dealing

                                                                                                            

The Company is pleased to announce that it has acquired convertible loan notes (the "Convertible Loan") of a face value of £400,000. The Convertible Loan is provided by Mr Chen Chih Lung. Mr Chen Chih Lung purchased the loan between FonYu Investment Consultants Co Ltd and Gowin New Energy Group Ltd. The sale was completed on 10 June 2016.

 

The Noteholder of the Convertible Loan Notes, which are interest-free, may convert the whole or any part of his holding of Notes (subject to a minimum aggregates principal amount of £10,000 being converted each time) into fully paid New Ordinary Shares at the rate of one Ordinary Share for every £0.002 principal amount of Notes converted.

 

 

Director's dealing

 

Mr Chen Chih Lung, Director of the Company has agreed to buy the existing loan provided to the Company, by FonYu Investment Consultants Co Ltd. The loan was sold at the face value of £400,000.

 

 

The directors of Gowin New Energy Group Limited accept responsibility for this announcement.

For further information please visit www.gowinyichia.com or contact the following:

Garry Willinge                               Gowin New Energy Group Limited           +852 9100 9972

David Scott / James Dewhurst     Alexander David Securities Limited          +44 20 7448 9820

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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