BASIC H NEWLIFE (08360) plans to issue convertible bonds with a total principal amount of HK$4.7 million.

BASIC H NEWLIFE (08360) announced on December 20, 2024, that the company plans to issue convertible bonds to subscribers with a total principal amount of HK$4.7 million. The initial conversion price for each convertible share is HK$0.6. The net proceeds from the subscription are estimated to be approximately HK$4.5 million. The company plans to use the entire net proceeds from the subscription for the group's business operations and general working capital.