Moussy International (00130.HK) announced the issuance of convertible bonds with a principal amount of HKD 25 million to major shareholders Chen Qinjie and Xu Qiaojiao (creditors) to offset the outstanding debt owed by the company to the creditors. The bonds have a three-year term with an annual interest rate of 2.5%, and a conversion price of HKD 0.3, representing a 20% premium over the closing price prior to the trading halt. The convertible shares will account for 22.45% of the company’s enlarged share capital.
The company's shares have applied to resume trading on Monday (6th).
