RONGZHONG FIN issues RMB 35 million convertible bonds to its controlling shareholder with an annual interest rate of 2.75%

RONGZHONG FIN (03963.HK) announced that it will issue a three-year convertible bond with a principal amount of HKD 35 million to its controlling shareholder, Jinbang Group, with an annual interest rate of 2.75%; the conversion price is HKD 0.24, equivalent to the closing price on the last trading day (3rd); the newly convertible shares will account for 19.38% of the expanded share capital. The net proceeds will be used to expand the car rental business