Luye Pharma Group (HK:2186) has released an update.
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Luye Pharma Group has successfully completed the issuance of $50 million in 5.85% convertible bonds due in 2025, which will be listed on the Singapore Exchange. This move aims to enhance the company’s liquidity and replace certain short-term loans, potentially reducing funding costs and improving the debt maturity profile. The completion of this bond issuance presents a strategic opportunity for Luye Pharma to strengthen its financial position.
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