Oriental Payment Group Announces Convertible Bonds Subscription Revision and Debt-to-Equity Exchange Completion Under General Mandate
Reuters
Sep 26
Oriental Payment Group Announces Convertible Bonds Subscription Revision and Debt-to-Equity Exchange Completion Under General Mandate
Oriental Payment Group Holdings Ltd. announced a revision to a previous subscription agreement, significantly reducing the amount of convertible bonds to be issued from HK$6,046,870 to HK$196,870. The company and the subscriber have also agreed that this revised amount can be settled by offsetting it against existing debt. All other major details of the agreement remain unchanged.
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