Ev Dynamics (Holdings) Limited (HK:0476) has released an update.
Ev Dynamics (Holdings) Limited has announced a new agreement where a subscriber will purchase convertible notes worth HK$5 million, which could translate to 50 million new shares or about 5.11% of the expanded share capital. These notes can be converted at an initial price of HK$0.1 per share without additional shareholder approval, under the General Mandate. The proceeds of approximately HK$4.75 million are intended for the company’s general working capital.
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