Ruicheng (China) Extends Long Stop Date of Convertible Bond Placement Contract

MT Newswires Live

2024/12/19

Ruicheng (China) Media Group's (HKG:1640) extended the long stop date of a Nov. 4 agreement to place about HK$300 million of convertible bonds to at least six investors to Feb. 28, 2025, from Dec. 31, 2024, a Thursday bourse filing said.

The move comes as additional time is needed for the completion of certain administrative procedures related to the placing.

The expiry date of the placing period was also extended to Feb. 27, 2025, from Dec. 30, 2024.

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