China Carbon Neutral Development Group converts HKD 57.66 million debt into convertible bonds and raises HKD 48 million in share subscription proceeds

Reuters
Mar 20
China Carbon Neutral Development Group converts HKD 57.66 million debt into convertible bonds and raises HKD 48 million in share subscription proceeds
  • China Carbon Neutral said it obtained regulatory approval to convert about HKD 57.66 million of debt owed to two creditors into convertible bonds.
  • The company issued 32 million new shares at HKD 1.5 per share, completing the subscription and raising about HKD 48 million in net proceeds.
  • As of 28 February 2026, it had used HKD 11.34 million for daily operations and HKD 4.04 million for debt repayment from the subscription proceeds.
  • The company said it had completed several carbon coin transactions at prices of USD 30 to USD 40 per ton.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Carbon Neutral Development Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260320-12060694), on March 20, 2026, and is solely responsible for the information contained therein.

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