MOISELLE INT'L issues CB to major shareholders to repay debts of 25 million yuan, resumes trading on Monday

MOISELLE INT'L (00130.HK) announced that it will issue convertible bonds with a principal amount of HKD 25 million to major shareholders Chen Qinjie and Xu Qiaojiao (creditors) to offset the company's outstanding amounts owed to the creditors. The bonds have a term of three years, an annual interest rate of 2.5%, and a conversion price of HKD 0.3, which is a 20% premium over the price before the suspension; the newly convertible shares will account for 22.45% of the company's expanded share capital.

The company's shares have applied to resume trading on Monday (6th)