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The latest update is out from China Carbon Neutral Development Group Limited ( (HK:1372) ).
China Carbon Neutral Development Group Limited has announced an extension of the long stop date for its Subscription Agreements related to the issuance of convertible bonds, now set for December 31, 2025. This extension is part of a strategy to settle existing indebtedness through the issuance of discounted convertible bonds to subscribers, who have acquired debts from original creditors. The transaction is classified as a connected transaction under Hong Kong’s Listing Rules, requiring independent shareholder approval and financial advisory. The outcome of this transaction could significantly impact the company’s financial structure and stakeholder interests.
More about China Carbon Neutral Development Group Limited
China Carbon Neutral Development Group Limited operates in the carbon neutrality industry, focusing on initiatives and financial strategies to address carbon emissions and sustainability. The company engages in financial arrangements to support its operational and financial requirements, positioning itself within the market to manage and offset carbon-related indebtedness.
Average Trading Volume: 9,315,083
Technical Sentiment Signal: Hold
Current Market Cap: HK$778M
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