Value Convergence Proposes Convertible Bonds Issue

Value Convergence Holdings Limited (HK:0821) has released an update.

Value Convergence Holdings Limited has announced an extraordinary general meeting (EGM) to be held on June 6, 2024, for shareholders to vote on the approval of a CB Placing Agreement. The agreement involves the issuance of convertible bonds worth up to HK$84 million, which could potentially convert into 700 million new shares at an initial price of HK$0.12 each, subject to market adjustments. The company’s Directors seek shareholder authorization to finalize the agreement and perform related actions necessary for its execution.

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