China Healthwise Holdings (HK:0348) has released an update.
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China Healthwise Holdings Limited has announced a conditional agreement to issue HK$72.3 million in bonds, comprising HK$16.8 million in convertible bonds and HK$55.5 million in straight bonds. The convertible bonds, if fully converted, would result in the issuance of 190,909,090 new shares, which would dilute current shares by roughly 24.78%. The issuance is intended to offset the outstanding principal of the 2018 Convertible Bonds, and the Extraordinary General Meeting (EGM) will be held to obtain shareholder approval for the transaction.
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