PENGO HLDG GP plans to increase its registered capital to HKD 500 million and intends to issue convertible bonds with a total principal amount of up to HKD 120 million
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PENGO HLDG GP plans to increase its authorized share capital from HKD 100 million to HKD 500 million and intends to issue convertible bonds of up to HKD 120 million. The capital increase requires approval from a special general meeting of shareholders. The initial conversion price of the convertible bonds is HKD 0.218 per share, representing a discount of approximately 14.5% to the closing price on August 1, 2025. The net proceeds from the placement are expected to be approximately HKD 118.4 million, of which 84.5% will be used for the pumped storage power station project and 15.5% for the group's daily operating funds
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