China Ruyi (HKG:0136) will issue around HK$2.34 billion of 3.95% convertible bonds due in 2030 to several joint lead managers, a Tuesday filing with the Hong Kong bourse said.
The managers intend to offer and sell the bonds to at least six investors, according to the filing.
The bonds are convertible into 865,754,437 shares based on the initial conversion price of HK$2.704 apiece.
The digital content producer will use proceeds from the issue to grow and expand its business and boost working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.