Notes to Fina - 星島新聞集團

Notes to Fina
Notes to Financial Statements
31 December 2002
34. SHARE CAPITAL (continued)
34.
(b)
Preference shares
(b)
Number of
preference shares
Issued and
partly paid
HK$’000
At 1 April 2001 1,291,486,908 82,500
Paid up preference shares 75,889
Converted into ordinary shares (132,000,000) (84,321)
At 31 December 2001 and
1 January 2002
1,159,486,908 74,068
Paid up preference shares 20,696
Converted into ordinary shares (36,000,000) (22,996)
At 31 December 2002
1,123,486,908 71,768
During the year ended 31 March 2001,
1,291,486,908 preference shares were issued at
a cash subscription price of HK$0.6388 per
preference share to Luckman, and had been partly
paid up as to 10% of the subscription price.
132,000,000 and 36,000,000 of such preference
shares were fully paid up and converted into
ordinary shares during the period ended 31
December 2001 and the year ended 31 December
2002, respectively. At 31 December 2002, there
were 1,123,486,908 preference shares in issue,
and such preference shares were partly paid up
as to 10% of the subscription price.
1,291,486,908
0.6388
Luckman
10%132,000,000
36,000,000
1,123,486,908
10%
132
Global China Group Holdings Limited Annual Report 2002