China Leon Inspection Holding Limited (HK:1586) has released an update.
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China Leon Inspection Holding Limited has announced a conditional agreement to issue convertible bonds with no premium or discount on the initial conversion price, set to be on par with their recent share closing price. The conversion of these bonds, if executed in full, would represent approximately 3.2% of the company’s enlarged issued share capital. The bonds are described as unguaranteed and unsecured, with a 5% annual coupon and a maturity date five years post-issue.
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