HKE (HKG:1726) agreed to raise HK$26 million through the issuance of convertible bonds to third-party investor Chen Weiqin, a Tuesday Hong Kong bourse filing said.
The bonds are convertible into up to 10.4 million conversion shares at HK$2.50 apiece, representing 0.95% of the firm's enlarged issued share capital.
The design and building services provider will use proceeds from the issue to develop its fintech platform business and for general working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.