GLOBAL BIO-CHEM has completed the issuance of consideration shares and the conversion of convertible bonds based on special authorization
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GLOBAL BIO-CHEM announced that it has completed the relevant procedures for the issuance of consideration shares and the conversion of convertible bonds under special authorization. According to the share purchase agreement, a total of 2.753 billion consideration shares have been issued. At the same time, bondholders have exercised their conversion rights, converting HKD 1.086 billion of convertible bonds into 5.173 billion conversion shares, with a conversion price of HKD 0.21 per share. All newly issued shares have equal status with existing shares
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