Heng Tai Consumables Group (HK:0197) has released an update.
Heng Tai Consumables Group Limited’s wholly-owned subsidiary has agreed to a major transaction to subscribe for bonds totaling HK$72.3 million from China Healthwise Holdings Limited, set off against the same amount under outstanding bonds due October 2024. The deal includes 6% convertible bonds and 8% straight bonds, with completion contingent upon certain conditions. An Extraordinary General Meeting (EGM) will be held to seek shareholder approval for the subscription, which remains uncertain.
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