PENGO HLDG GP raised 19.5 million yuan through bond issuance and is currently engaging in legal proceedings with the subscribers regarding the outstanding payment
PENGO HLDG GP (01865.HK) announced that, according to the subscription agreement, the subscriber (Zhongding Holdings) agreed to subscribe for bonds with a principal amount of HKD 40 million, bearing an annual interest rate of 3%, maturing in March next year. Currently, the subscription has only been partially completed, with a total amount received of HKD 19.5031 million, and the relevant bonds have been issued to the subscriber.
The company and the subscriber have initiated legal proceedings in the High Court of Hong Kong regarding the unpaid balance of the subscription agreement and certain terms and conditions. The matter has been handed over to the company's legal counsel, and the hearing date is pending arrangement
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