Nexion Group (ASX:NNG) issued 900,000 unsecured convertible notes of AU$0.10 each to Wong Chi Wai Roy to raise AU$90,000 on Friday, seeking to fund costs incurred in "identifying and furthering an appropriate transaction," according to a same-day Australian bourse filing.
The notes mature on May 31, 2026, with an interest rate of 10% per year.
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.