Group 1 - The company has entered into a subscription agreement for the purchase of exchangeable bonds amounting to USD 4 million, with a payment structure involving USD 1 million in cash and the issuance of approximately 33.428 million shares at HKD 0.7 per share [1] - The exchangeable bonds, if fully exercised, will convert into 1% of the total issued share capital of the target company [2] - The company plans to issue up to 77 million placement shares at a price of HKD 0.7 per share, representing approximately 13.94% of the existing share capital as of the announcement date [2] Group 2 - The placement price of HKD 0.7 per share represents a discount of approximately 18.60% compared to the closing price of HKD 0.86 on the date of the placement agreement [3] - The estimated total proceeds from the placement, after deducting commissions and related expenses, will be approximately HKD 53.9 million, with a net amount of about HKD 53.36 million [3] - The net proceeds will be allocated as follows: approximately HKD 7.8 million for the cash consideration of the subscription, around HKD 35.56 million for repaying existing loans, and about HKD 10 million for general working capital [3]
中国金融发展(03623)拟认购本金额为400万美元的可交换债券