Hony Media Group Announces Conversion of HK$60 Million Convertible Bonds into Shares
Reuters
Nov 28
Hony Media Group Announces Conversion of HK$60 Million Convertible Bonds into Shares
Hony Media Group has announced the conversion of its 10% Convertible Bonds due 2026. United Strength LS Limited, a major shareholder, has exercised its right to partially convert the bonds with an aggregate principal amount of HK$60,000,000 at an adjusted conversion price of HK$0.1003 per share. This conversion has resulted in the allotment and issuance of 598,205,383 new shares to United Strength LS Limited.
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