Core Viewpoint - Yongyi International (01218) has announced the sale of approximately 47.17% of the outstanding principal amount of its 2023 convertible bonds for a total consideration of HKD 25 million, reflecting a premium of HKD 3.125 million [1] Group 1: Transaction Details - The seller, Jiahao Development Limited, a wholly-owned subsidiary of the company, has entered into an agreement with buyers Xu Yinglong, Liu Junming, and Fast Upgrade Limited [1] - The 2023 convertible bonds have an initial principal amount of HKD 209 million and carry an annual interest rate of 5% [1] - The bonds can be converted into shares of Gaoshan at a conversion price basis, which is subject to adjustments, at any time before the fifth anniversary of issuance on February 19, 2028 [1] Group 2: Strategic Rationale - Given the current economic uncertainty, the board believes that adopting a prudent investment strategy to liquidate financial assets to enhance the group's liquidity position is beneficial [1] - The proceeds from the sale will be used as general working capital for the group, covering administrative expenses and repaying bank loan principal and interest [1]
永义国际(01218)附属拟出售持有的2023年可换股票据未偿还本金金额约47.17%