This morning, after a 98% surge in stock price, MOISELLE INT'L (0130) issued convertible bonds with a principal amount of HKD 25 million to creditors, including executive director, chairman, and major shareholder Chen Qinjie, and executive director Xu Qiaojiao. The consideration includes offsetting the outstanding amount of HKD 10.082 million through an equivalent benchmark and paying the remaining HKD 14.918 million in cash.

The group stated that the convertible bonds have an annual interest rate of 2.5%, a term of 3 years, and a conversion price of HKD 0.3 per share, which is approximately a 20% premium over the last closing price of HKD 0.25 before the suspension. If fully exercised, it will issue up to 83.333 million new shares, accounting for about 22.45% of the enlarged share capital, increasing the shareholding of Chen Qinjie and Xu Qiaojiao from 69.78% to 76.56%.

A portion of the proceeds from the issuance of convertible bonds will be used to offset the outstanding amount, while the remainder will be used as general working capital and to repay loans. In recent years, the group has continuously faced operational losses and has utilized its commercial and residential property portfolio to obtain financial resources from commercial banks. Given the severe conditions in the commercial lending market, the group hopes to obtain financial resources from its controlling shareholder. The group has applied for resumption of trading next Monday