Vobile Group Issues Supplemental Announcement Detailing Plans for HK$1.6 Billion Zero Coupon Convertible Bonds Due 2026, Outlining Use of Proceeds for AIGC and RWA Business Expansion
Reuters
Sep 26
Vobile Group Issues Supplemental Announcement Detailing Plans for HK$1.6 Billion Zero Coupon Convertible Bonds Due 2026, Outlining Use of Proceeds for AIGC and RWA Business Expansion
Vobile Group Ltd. has issued a supplemental announcement regarding its proposed debt offering, confirming the issuance of HK$1,600,000,000 in zero coupon convertible bonds due 2026 under a general mandate. The bonds carry a zero interest rate (zero coupon) and will mature in 2026. Of the proceeds allocated to net working capital (HK$313 million), HK$163 million will be used to expand operations in Hong Kong and internationally, while HK$150 million is designated for overheads and general expenses. This update provides additional information on the business plan for AIGC and RWA-related businesses, including the development of new products such as Vobile MAX and DreamMaker to strengthen the company's position in the creator economy. No URL for the full prospectus is included in the document.
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