China Carbon Neutral Development Group Ltd., a company listed on the Main Board of the Stock Exchange of Hong Kong, has announced a proposed issuance of convertible bonds under a specific mandate as part of its efforts to restructure its debts and support its healthy development. The company, which is incorporated in the Cayman Islands, aims to address its outstanding indebtedness totaling HK$57,659,479.52. The conversion price for these bonds has been set at HK$0.28 per share, with a maximum of 205,926,712 shares to be allotted and issued upon conversion. This move is intended to effectively manage the company's financial obligations and facilitate a more stable and sustainable business trajectory.
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