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May 2007
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Road King upgraded its syndicated loan to US$220 million
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May 2007
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Road King issued US$150 million 5-year floating rate Senior Notes and US$200 million 5-year 7.625% fixed rate Senor Notes. Standard and Poor's and Moody's rated the issues as "BB" and "Ba2" respectively.
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Feb 2007
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Placement of 45 million new ordinary shares at HK$12.20 per share
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Nov & Dec 2006
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Placement of 80 million new ordinary shares at HK$10.96 per share, raised a total of HK$850 million
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Jul 2004
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Road King issued US$200 million 7-year 6.25% fixed rate Guaranteed Notes. Standard and Poor's and Moody's rated the issue as "BBB-" and "Baa2" respectively.
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Apr 2004
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Road King arranged a 5-year US$120 million
revolving and term loan facility with a group of syndicated banks.
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Jun 2003
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All the outstanding convertible preference
shares to Stagecoach Holdings PLC were converted into ordinary shares.
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Aug 2001
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Road King arranged a 2.5-year US$75
million banking facility with major Asian banks.
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Jun 1998
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Road King issued HK$518.38 million
convertible preference shares to Stagecoach Holdings PLC. The fixed cumulative
dividend rate was 7.5% per annum and the conversion price was HK$8.56.
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Jul 1997
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Road King issued US$140 million 10-year
9.5% fixed rate Guaranteed Notes. The issue was rated "BB" by Standard and
Poor's. The proceeds of the issue were used to finance the
investment of highway projects in China.
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Jan 1997
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Road King arranged a 5-year US$138 million
transferable loan certificate facility with major Asian banks. The loan was used to finance the
investment of highway projects in China.
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Jul 1996
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Road King was listed on The Stock Exchange
of Hong Kong under the code 1098. The lising successfully raised HK$1,181 million
through international placing and IPO of new shares. The net proceeds were
used for repayment of bridging loan facilities and investments in highway
projects in China.
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