Concord Healthcare to Raise HK$68 Million via Convertible Bonds for Debt Repayment and Working Capital
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Concord Healthcare Group plans to raise HK$68 million through convertible bonds to repay debts and enhance working capital. The bonds will have an initial conversion price of HK$1.70 per share, with net proceeds estimated at HK$63.1 million. Approximately 70% of the funds will be allocated for loan repayment, while 30% will support working capital. The company will seek listing approval for the conversion shares, and the transaction is subject to conditions. Concord Healthcare operates in the healthcare sector and is listed in Hong Kong under stock code 2453.
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