HK Asia Holdings Ltd. has announced the completion of a subscription agreement and the issuance of convertible notes under a specific mandate. The company successfully issued convertible notes with a principal amount of HK$33,750,000, which have been fully subscribed by the relevant parties. Following the completion of this agreement, an aggregate of 75,000,000 new conversion shares were issued at an initial conversion price of HK$0.45 per share. The net proceeds from this issuance, approximately HK$33,250,000 after expenses, are set to be utilized as per the company's outlined plans.
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