PuraPharm Sells HK$20 Million Convertible Bonds

MT Newswires Live

02/26

PuraPharm (HKG:1498) agreed to issue HK$20 million of 6% convertible bonds maturing in two years to Protoss Global Opportunities Fund, according to a Thursday Hong Kong bourse filing.

The bonds are convertible into a maximum of a little over 40.8 million conversion shares at HK$0.49 apiece.

The shares represent around 7.08% of the traditional Chinese medicine company's enlarged issued share capital.

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