Summary by Futu AI
weimob inc announced on August 29, 2024, that its wholly-owned subsidiary Weimob Investment Limited plans to repurchase $8.5 million 7.50% secured convertible bonds due in 2029. The convertible bonds are unconditionally and irrevocably guaranteed by weimob inc. Under the terms of the convertible bonds, the issuer and its affiliates may purchase these bonds in the market at any time. weimob inc has appointed Merrill Lynch (Asia Pacific) Limited as the exclusive transaction manager to assist in collecting the intentions to sell from the bondholders. The completion of the repurchase is subject to various conditions, including market conditions and investor demand. weimob inc will make further announcements regarding the repurchase. Shareholders and potential investors should handle related securities transactions with caution.