Tiancai Holdings (03882.HK) plans to issue up to a total principal amount of HK$70 million in convertible bonds. The initial conversion price carries a premium of approximately 41.82%.

News from Zhitong Finance APP, Tiancai Holdings (03882.HK) announced that on May 23, 2025 (after trading hours), the company entered into a placing agreement with a placing agent. The company plans to issue convertible bonds with a total principal amount of up to HK$70 million to no less than 6 placing subscribers through the placing agent. The initial conversion price is HK$1.56, which represents a premium of approximately 41.82% over the closing price of HK$1.1 per share of the company on the date of the placing agreement on the Hong Kong Stock Exchange.