---
title: "MOISELLE INT'L issues convertible bonds to Chen Qinjie and others to offset outstanding loans"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/259904693.md"
description: "MOISELLE INT'L issued HKD 25 million convertible bonds to creditors, with a conversion price of HKD 0.3 per share, a premium of 20% over the closing price. The convertible bonds will be allocated up to 83.33 million shares, accounting for approximately 22.45% of the company's issued share capital. The proceeds will be used for general working capital and repayment of loans. The creditors are the company's directors and major shareholders, with debts of approximately HKD 10.082 million. The stock will resume trading next Monday"
datetime: "2025-10-03T14:22:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/259904693.md)
  - [en](https://longbridge.com/en/news/259904693.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/259904693.md)
---

# MOISELLE INT'L issues convertible bonds to Chen Qinjie and others to offset outstanding loans

MOISELLE INT'L ( 00130) announced that the company issued convertible bonds with a principal amount of HKD 25 million to creditors, with the consideration to be settled in cash and offset against outstanding amounts.

The initial conversion price is set at HKD 0.3 per share, representing a premium of approximately 20% over the closing price of HKD 0.25 per share; upon full exercise of the conversion rights attached to the convertible bonds, a maximum of 83.33 million convertible shares will be issued, accounting for about 22.45% of the company's enlarged issued share capital.

The total proceeds from the issuance of convertible bonds, amounting to HKD 14.9 million, will be used to offset the outstanding amounts through an equal amount benchmark. The company intends to use the net proceeds of approximately HKD 14.5 million for its general working capital and repayment of loans.

As the creditors are owned by the company's directors and major shareholders Chen QinJie and Xu QiaoJiao, they are considered connected persons of the company under Chapter 14A of the Listing Rules. The creditors have granted the company an unsecured loan of HKD 10 million, and including unpaid interest, the company owes the creditors an outstanding amount of approximately HKD 10.082 million.

The stock will resume trading next Monday.

Download the original announcement from the Hong Kong Stock Exchange

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