Apollo Future Mobility’s HK$300M Convertible Bond Plan

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

Apollo Future Mobility Group Limited plans to issue convertible bonds worth HK$300 million, aiming to boost its research and development of hypercars and electric vehicles. The bonds, convertible at HK$1.54 per share, could increase the company’s share count by up to 16%. Investors are advised to remain cautious as the issuance is contingent on certain conditions.

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