MicroPort Scientific (HK:0853) has released an update.
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MicroPort Scientific has successfully completed the drawdown of a Convertible Loan for an initial total of $150 million USD, with conditions met or waived by Lenders. Additionally, the company has secured credit support of $300 million USD for repayment of 2026 Convertible Bonds. Upon conversion, these loans could translate to approximately 8.58% of the company’s current issued share capital, potentially diluting to 7.90% post-issue.
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