Group 1 - The company has signed a settlement and offset agreement with subscribers, agreeing to issue convertible bonds worth HKD 57.66 million to offset debts [1] - The convertible bonds can be converted at an adjusted price of HKD 0.28 per share, potentially resulting in the issuance of up to 206 million shares, which would represent approximately 32.03% of the current issued share capital [1] - The issuance of convertible bonds is intended solely to offset debt, meaning the company will not receive any proceeds from this issuance [1] Group 2 - The company has considered various fundraising options, including debt financing, placing new shares, and rights issues, but found them increasingly difficult due to limited borrowing capacity and tightening credit policies [2] - The board believes that issuing convertible bonds is a more feasible and cost-effective method for debt repayment, given the current market conditions and uncertainties surrounding other financing options [2]
中国碳中和(01372.HK)签订和解与抵销协议