MIN FU INTL plans to issue bonds with a total principal amount of up to HKD 60 million
MIN FU INTL plans to issue bonds with a total principal amount of up to HKD 60 million. The company has signed an agreement with the placement agent, who will facilitate cash subscriptions for the bonds by the subscribers. If the bonds are fully placed, the maximum proceeds will be HKD 60 million, and the net amount will be used for working capital in smart manufacturing solutions, agricultural food technology, and sales operations, as well as other acquisition and investment opportunities
According to the Zhitong Finance APP, MIN FU INTL (08511) announced that on September 19, 2025, the company entered into a placement agreement with the placement agent, which has agreed to act as the placement agent and to use its best efforts to facilitate subscribers to cash subscribe for bonds during the placement period, with a total principal amount limit of HKD 60 million.
Assuming the bonds are fully placed, the maximum total proceeds from the bond placement will be HKD 60 million. The board of directors intends to use the net proceeds from the bond placement (after deducting expenses, costs, and expenditures) for the following purposes: to provide funding for potential transaction costs and/or other acquisition and investment opportunities that the group may identify from time to time; to provide funding for the working capital needs of the intelligent manufacturing solutions business and agricultural food technology and sales business; and to supplement the company's general working capital
