Hanung Toys Board Meeting on Jul 30, 2007 for results, issue of securities

Hanung Toys & Textiles Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 30, 2007, inter alia, to transact the following business:

1. Approve the audited accounts for the year ended March 31, 2007.

2. Un-audited financial results (provisional) for the quarter ended June 30, 2007.

3. Further issue of securities viz. Foreign Currency Convertible Bonds and / or Equity Shares (through Depository Receipt mechanism), viz., GDR / ADR's and / or QIP's and / or any other Financial Instruments together with or without Warrants of the Company (the "Instruments") for an additional US $ 50 millions for part financing capital expenditure / possible acquisition programs undertaken by the Company.

Source : Equity Bulls

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