Core Viewpoint - The company, Sunshine Oilsands (02012.HK), has entered into a subscription agreement with Prime Union Enterprises Limited to issue fixed-rate convertible bonds totaling HKD 238 million as a settlement for debts owed to the subscriber [1] Group 1: Subscription Agreement Details - The subscription agreement was signed on November 14, 2025, and involves the conditional issuance of convertible bonds [1] - The total amount of the convertible bonds is HKD 238 million, which corresponds to 100% of the bond's principal amount [1] - The initial conversion price for the bonds is set at HKD 0.377 per share, allowing for the issuance of up to approximately 631 million new shares upon full conversion, representing about 110.49% of the company's existing issued share capital as of the announcement date [1] Group 2: Listing and Trading Information - The convertible bonds will not be listed on the Hong Kong Stock Exchange or any other securities exchange [1] - The company plans to apply for the listing and trading of the conversion shares on the Hong Kong Stock Exchange [1]
阳光油砂(02012.HK)拟发行总金额2.38亿港元可换股债券以偿还债务