MIN FU INTL (08511) plans to issue bonds with a maximum total principal amount of HKD 60 million.
Minfu International (08511) announced that on September 19, 2025, the company entered into a placement agreement with the placing agent...
MIN FU INTL (08511) announced that on September 19, 2025, the company entered into a placement agreement with the placement agent. The placement agent has agreed to act as the placement agent and will use best efforts to encourage subscribers to subscribe for the bonds in cash during the placement period, with a total principal amount cap of HK$60 million.
Assuming full placement of the bonds, the maximum total proceeds from the bond placement will be HK$60 million. The Board intends to use the net proceeds from the bond placement (after deducting expenses, costs, and expenses) for the following purposes: to provide funds for potential transactions and/or other acquisition and investment opportunities sought by the Group from time to time; to provide funds for the operating capital needs of the smart manufacturing solutions business and agriculture food technology and sales business; and to supplement the Company's general working capital.
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