Sunway International Expands Capital with New Shares and Bonds

Sunway International Holdings Limited (HK:0058) has released an update.

Sunway International Holdings Limited has announced a connected transaction involving a proposed share subscription and issuing of convertible bonds. The company has conditionally agreed to allot approximately 20% of its shares and issue bonds that could potentially represent over 58% of its enlarged share capital if fully converted. These financial moves are aimed to bolster the company’s general working capital.

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