---
title: "EASYKNIT INT'L subsidiary plans to sell 33.75% of the outstanding principal amount of the 2023 convertible bonds for HKD 27 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256137309.md"
description: "EASYKNIT INT'L announced that its indirectly wholly-owned subsidiary will sign an agreement with the buyer on September 5, 2025, to sell 33.75% of the outstanding principal amount of the 2023 convertible bonds, with a total transaction amount of HKD 27 million, at a premium of HKD 3.375 million. The board of directors believes that adopting a prudent investment strategy to enhance liquidity is beneficial in the context of economic uncertainty, and the proceeds from the sale will be used for general working capital and repaying bank loans"
datetime: "2025-09-05T12:31:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256137309.md)
  - [en](https://longbridge.com/en/news/256137309.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256137309.md)
---

# EASYKNIT INT'L subsidiary plans to sell 33.75% of the outstanding principal amount of the 2023 convertible bonds for HKD 27 million

According to the announcement from EASYKNIT INT'L (01218), on September 5, 2025, the seller (a wholly-owned subsidiary of the company) entered into an agreement with the buyer regarding the sale. Under the agreement, the seller agrees to sell 33.75% of the outstanding principal amount of the 2023 convertible bonds to the buyer, who agrees to purchase 33.75% of the outstanding principal amount of the 2023 convertible bonds for a total price of HKD 27 million, with a premium of HKD 3.375 million.

Given the current economic uncertainty, the board believes that adopting a prudent investment strategy to liquidate its investments in financial assets to enhance the group's liquidity position is beneficial. The group intends to use the proceeds from the sale for general operating funds to cover administrative expenses and repay the principal and interest expenses of bank loans

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