Kiu Hung Converts Debt to Equity Shares

Kiu Hung International Holdings Limited (HK:0381) has released an update.

Kiu Hung International Holdings Limited has entered a subscription agreement to convert part of its HK$12 million debt into 53,220,754 new shares, priced at HK$0.150 each. This debt-to-equity swap represents about 7.23% of the current issued share capital and will not demand repayment of the indebted amount until after December 31, 2024. Investors are advised to exercise caution when dealing in shares as the completion of the subscription is conditional and not guaranteed.

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