FE HORIZON (03360) announced that on March 25, 2025, the company entered into a subscription agreement with the joint lead underwriters...
According to the news from Zhitong Finance APP, FE HORIZON (03360) announced that on March 25, 2025, the company entered into a subscription agreement with the joint lead underwriters to withdraw according to the plan, and will sell and issue withdrawal notes on April 1, 2025, with a total face value of 0.5 billion USD and an interest rate of 6%. The withdrawal notes are exempt from the registration requirements under securities laws. The withdrawal notes are denominated in US dollars.
The company plans to use the net proceeds from the sale for working capital and general corporate purposes. After obtaining all necessary approvals from the relevant government departments in China, the proceeds may also be lent through intercompany loans to the company's subsidiaries within China.
