[ET Net News Agency, 9 January 2020] Dafy Holdings Limited (01826) said the company has
conditionally agreed to issue to Applied Development Holdings Limited (00519) (the
subscriber) convertible bonds in an aggregate principal amount of up to US$8 million with
6% coupon rate at the initial conversion price of HK$1.22 per conversion share with a term
of 364 days.
Upon a full conversion of the convertible bonds at the initial conversion price, a
maximum of 51.15 million conversion shares will be issued, representing approximately
3.84% of the issued share capital of the company or approximately 3.7% as enlarged by the
issue. The net proceeds are estimated to be HK$61.7 million. (RC)