Xinhua Joint Investment (08159) plans to issue convertible bonds with a capital of HK$2.288,000 at a premium of about 2.14%

Zhitong Finance App News, Xinhua Joint Investment (08159) issued an announcement. On September 30, 2026 (after the transaction period, before the 2025/26 Annual General Meeting of Shareholders), the company signed a subscription agreement with the subscribing party Zhongsheng Investment Group Co., Ltd. According to this, the subscribing party has conditionally agreed to subscribe, and the company has already agreed to allocate and issue convertible bonds with a capital amount of HK$2.288 million. The payment method is to cancel and exempt the company from immediate payment of part of the overdue debt owed to the subscriberer group.

After all convertible bonds are converted at the initial exchange price of HK$1.144 per share (subject to adjustment), the company will issue a total of 2 million exchangeable shares (after the share merger takes effect), accounting for approximately 4.73% of the issued share capital of the company whose shares have been expanded through allotment and issuance after receiving the conversion price (unadjusted) of the convertible bonds. The share exchange price of HK$1.144 per share is a premium of approximately 2.14% over the theoretical closing price of HK$1.12 per consolidated share based on the closing price of HK$0.056 per existing share as reported by the Stock Exchange on the date of the subscription agreement (after taking into account the effects of the share consolidation).