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Devonshire Capital
September 1996
Debt facility backed by Chung Hwa plc equity
Devonshire Capital arranged for its client a US$
10 million reverse collar equity derivative debt facility backed
by a Chung Hwa Developments Holdings Ltd ordinary shares, which
was funded by JP Morgan.
Chung Hwa Developments Holdings Limited
has since had its name changed to Credit Card DNA Security System
(Holdings) Limited on the Hong Kong Stock Exchange. |