Rongzhong Financial (03963) plans to issue convertible bonds with a capital amount of HK$35 million

Zhitongcaijing · 09/03/2025 13:33

According to Zhitong Finance App, Rongzhong Finance (03963) announced that on September 3, 2025, the company plans to distribute and issue convertible bonds with a capital amount of HK$35 million to the subscriber (Jinbang Group Holdings Limited), which must be paid to the company in cash by the subscriber. The initial exchange price is HK$0.240 per share and is subject to adjustment.

The board of directors believes that issuing convertible bonds creates a good opportunity for the company's long-term operation to create a pool of funds that can be used immediately. The board of directors is currently planning to use the funds to expand the Group's car rental business, and believes that this move will promote the overall development and expansion of the Group.