Weimob (HK:2013) has released an update.
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Weimob Inc. announces its plan to repurchase US$85 million worth of its remaining guaranteed convertible bonds due in 2029, with Merrill Lynch (Asia Pacific) Limited appointed as the sole dealer manager for the transaction. The repurchase is subject to market conditions and investor demand, and the company cautions shareholders and potential investors to be mindful of the securities’ market activity. Further announcements regarding the repurchase will be made as necessary.
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