RONGZHONG FIN plans to issue convertible bonds with a principal amount of HKD 35 million
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RONGZHONG FIN plans to issue HKD 35 million in convertible bonds, with the subscriber being Jinbang Group Holdings Limited, and the initial conversion price set at HKD 0.240 per share. The board believes this move will provide the company with readily available funds, which are planned to be used to expand the car rental business and promote overall development and expansion
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