Chi Sheng Group Holdings (08370) announced that on October 21, 2024, the company intends to issue bonds to Lightning Cloud Ltd. and Z Living International Company Limited respectively.
According to the Wise Financial APP, Chi Sheng Group Holdings (08370) announced that on October 21, 2024, the company plans to issue 33 million shares and 12 million new shares to Lightning Cloud Ltd. and Z Living International Company Limited, respectively, at a subscription price of 0.30 Hong Kong dollars per share, a discount of about 60.53% compared to the closing price of 0.76 Hong Kong dollars per share on the last trading day on the Stock Exchange.
The net proceeds from the subscription of approximately 12.9 million Hong Kong dollars, 12.4 million Hong Kong dollars will be used to repay the 2024 convertible bonds due on February 19, 2025; about 0.5 million Hong Kong dollars will be used for the group's general operating fund.