Moiselle International Holdings Limited (Stock Code: 130) published a circular detailing a connected transaction involving the proposed issuance of convertible bonds valued at HK$25 million. According to official documents dated 13 November 2025, the issuer and subscriber, New First Investments Limited, entered into a conditional subscription agreement on 3 October 2025. The transaction is categorized as a connected transaction due to the subscriber’s ownership ties with Moiselle International’s controlling shareholders.

Key information indicates that the principal amount of the three-year convertible bonds is HK$25 million, bearing a 2.5% annual interest rate with semi-annual payments. The conversion price of HK$0.3 per share can result in the issuance of up to 83,333,333 new shares under a specific mandate. Approximately HK$10,082,000 of the subscription proceeds will offset an existing outstanding loan provided by the subscriber, with the remainder — HK$14,918,000 — contributing additional funds to strengthen the company’s working capital. An extraordinary general meeting is scheduled on 28 November 2025 to seek approval from independent shareholders, among other requisite conditions. If approved, the convertible bonds will not be listed; however, application will be made for the listing of the underlying new shares on the Stock Exchange. The company highlights that these measures aim to enhance liquidity, reduce current liabilities, and potentially lower gearing levels upon any conversion of the bonds. Shareholders and investors are advised by the company to exercise caution when dealing in its shares pending completion of the transaction.