Glonghui, April 18 | Weimeng Group (02013.HK) announced that according to section 8 (f) of the terms and conditions of existing convertible bonds, that is, the 300 million dollar zero-interest secured convertible bonds due in 2026, the issuer, the company and any of their respective subsidiaries may purchase existing convertible bonds at any price at any time and from time to time on the open market or by other means. The issuer and company now intend to buy back the remaining convertible bonds in accordance with the conditions.

On April 18, 2024, the issuer and company entered into a transaction manager agreement where the issuer and company proposed to repurchase the remaining convertible bonds. According to this, the issuer and company have appointed Merrill Lynch (Asia Pacific) Limited as a transaction manager to assist the issuer and company to gather expressions of intent from remaining convertible bond holders willing to sell some or all of their remaining convertible bonds to the issuer and company.