Eminence Enterprise Limited, incorporated in Bermuda with limited liability and listed on the main board of the Stock Exchange (Stock Code: 616), has announced an amendment to the 2023 Convertible Note and a proposed grant of specific mandate to issue conversion shares. This announcement was made jointly with Easyknit International Holdings Limited, also incorporated in Bermuda and listed (Stock Code: 1218). The amendment aims to strengthen Eminence Group's capital base and financial position. Notably, Ms. Lui Yuk Chu, an executive director of both Easyknit and Eminence, abstained from voting on the board resolutions related to this amendment. The amendment may significantly alter the shareholding structure, with Easyknit Group and its associates potentially increasing their stake from 8.11% to 53.72% upon full conversion of the Convertible Note. This development is seen as fair and in the best interests of Eminence and its shareholders.
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.