Oriental Payment Group Holdings Ltd. has announced its strategy to allocate the proceeds from its recent subscriptions of convertible bonds under a general mandate. The total principal amount for the subscriptions is HK$7,817,353. The company plans to utilize HK$5,850,000 of this amount to cover operational costs in Thailand and the Philippines, as well as daily operational expenses such as salaries, legal and professional fees, and other administrative expenses for the Group. The Directors anticipate that the cash proceeds will be fully utilized within six months following the completion of the transaction. Shareholders and potential investors are advised to exercise caution when dealing with the shares of the company.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oriental Payment Group Holdings Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.