Gold Peak Technology Group Limited (HK:0040) has released an update.
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Gold Peak Technology Group’s subsidiary, GP Industries, has conditionally agreed to issue up to $11 million in fixed-rate resetting perpetual subordinated bonds. These bonds are expected to be issued by mid-October to late November 2024, with an initial distribution rate of 9.5% per annum. The investment is considered a connected transaction due to executive directorship overlap, but it is exempt from shareholder approval and disclosure requirements.
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