China Carbon Neutral To Settle Debt Through Convertible Bond Issue

MT Newswires Live
02 Jun

China Carbon Neutral Development Group (HKG:1372) agreed to issue nearly HK$57.7 million worth of convertible bonds to Green Securities Group and Green Assets Management to offset debts owed to the subscribers, a May 30 Hong Kong bourse filing said.

The bonds are convertible into a maximum of 205,926,712 shares at HK$0.28 apiece. The shares represent 24.26% of the carbon asset manager's enlarged issued share capital.

The issue of the bonds, carrying a 5% per annum interest rate and falling due two years from issue, is subject to shareholder approval.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10