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Equation Trading Halt - 5 Jul 07 - Bond Issue

Dear all,

 

Any comments on the bond issue ? 

 
http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/8130c0b4606dc8514825730f0017f16b?OpenDocument

 

(A) INVESTMENT IN SOLAR MORPH PTE. LTD. ("SOLAR MORPH") (B) ISSUE OF NON-REDEEMABLE ZERO COUPON CONVERTIBLE BONDS OF UP TO S$13,500,000 PRINCIPAL AMOUNT CONVERTIBLE INTO, INTER ALIA, SHARES IN THE COMPANY AT A CONVERSION PRICE OF S$0.355 PER SHARE