DTXS SILK ROAD allocates RMB 323 million of convertible bonds with an annual interest rate of 3.85%
DTXS SILK ROAD (00620.HK) announced the placement of convertible bonds with a total principal amount of up to HKD 323 million, with a three-year term and an annual interest rate of 3.85%; the initial conversion price is HKD 0.95, representing a premium of 5.56% over the last trading day (17th); the newly convertible shares will account for 29.8% of the expanded share capital. The net proceeds of HKD 310 million are intended for the renovation of a shopping center project located in Xi'an and the development of properties in the Lianhu District of Xi'an; as well as for working capital
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