Heng Tai Consumables Group (HK:0197) has released an update.
Heng Tai Consumables Group Limited’s wholly-owned subsidiary has agreed to a major transaction to subscribe for bonds totaling HK$72.3 million from China Healthwise Holdings Limited, set off against the same amount under outstanding bonds due October 2024. The deal includes 6% convertible bonds and 8% straight bonds, with completion contingent upon certain conditions. An Extraordinary General Meeting (EGM) will be held to seek shareholder approval for the subscription, which remains uncertain.
For further insights into HK:0197 stock, check out TipRanks’ Stock Analysis page.
