Land Qing Entertainment (08052) subsidiary plans to issue HK$3 million convertible bonds.
Wisdom Financial News App News, Lu Qing Entertainment (08052) announced that on July 14, 2025, the company's non-wholly owned subsidiary Huarun Group Limited intends to issue convertible bonds in the amount of 3 million Hong Kong dollars to Futian Asia Holdings Limited. The convertible bonds can be converted into approximately 121.4 million shares at a conversion price of 0.0247 Hong Kong dollars per share according to the terms and conditions of the subscription agreement. The target company mainly operates restaurants in the catering industry to engage in catering business.
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