Starcoin Group Plans Debt-Equity Deal to Cut Liabilities and Add Strategic Investor
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Starcoin Group Limited has signed a memorandum of understanding with Marvel Nice Limited for a potential debt-equity deal involving HK$715 million in convertible bonds. Marvel Nice would subscribe for new shares at a minimum of HK$1 per share, offsetting the bonds' principal and interest. This transaction aims to reduce Starcoin's liabilities, attract a strategic investor, and enhance its financial position for its beauty products and oral insulin businesses. The deal is expected to broaden the company's shareholder base and support future growth opportunities.
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