RONGZHONG FIN plans to issue convertible bonds with a principal amount of HKD 35 million
RONGZHONG FIN plans to issue HKD 35 million in convertible bonds, with the subscriber being Jinbang Group Holdings Limited, and the initial conversion price set at HKD 0.240 per share. The board believes this move will provide the company with readily available funds, which are planned to be used to expand the car rental business and promote overall development and expansion
According to the announcement from RONGZHONG FIN (03963), on September 3, 2025, the company plans to allocate and issue convertible bonds with a principal amount of HKD 35 million to the subscriber (Gold List Group Holdings Limited), which must be paid to the company in cash by the subscriber. The initial conversion price is HKD 0.240 per share and is subject to adjustment.
The board of directors believes that issuing convertible bonds creates a good opportunity for the company to establish an immediately accessible funding pool for long-term operations. The board currently plans to use the funds to expand the group's car rental business and believes this move will promote the overall development and expansion of the group
