Wai Chun Group Holdings Limited ( (HK:1013) ) has issued an announcement.
Wai Chun Group Holdings Limited has announced a connected transaction involving the issuance of convertible bonds under a specific mandate. The company has entered into a subscription agreement with Mr. Lam Ching Kui, a connected person and controlling shareholder, for HK$45,000,000 worth of new convertible bonds. This transaction is intended to settle existing debts and will result in the issuance of up to 500,000,000 new shares, significantly increasing the company’s share capital. The transaction is subject to approval from independent shareholders and the Stock Exchange, with certain parties abstaining from voting due to their interests.
More about Wai Chun Group Holdings Limited
YTD Price Performance: -9.17%
Average Trading Volume: 56,976
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$27.54M
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