Apollo Future Mobility Completes Convertible Bonds Issue

Apollo Future Mobility Group Limited (HK:0860) has released an update.

Apollo Future Mobility Group Limited has successfully completed the issuance of convertible bonds, generating approximately HK$299.2 million in net proceeds. These funds are earmarked predominantly for the research and development of hypercars and electric vehicles. The conversion of these bonds could significantly alter the company’s shareholding structure, introducing a substantial number of new shares.

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