Weimob Achieves Milestone with $90M Bond Issue

Weimob (HK:2013) has released an update.

Weimob Inc. has successfully completed the issuance of US$90 million in guaranteed convertible bonds due in 2029, set to be listed on the Hong Kong Stock Exchange. The company has raised net proceeds of approximately US$86 million, primarily for the purpose of refinancing existing debt. This financial move will potentially affect the company’s share capital structure upon full conversion of these bonds.

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