Value Convergence Holdings Limited (HK:0821) has released an update.
Value Convergence Holdings Limited has announced the placement of convertible bonds valued at up to HK$30 million, with VC Brokerage Limited acting as the placing agent. The bonds, which could represent over 10% of the company’s enlarged share capital, aim to raise net proceeds of approximately HK$29.2 million for liability repayment and general working capital. Shareholders are advised to exercise caution as the placement’s completion is contingent on certain conditions.
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