MOISELLE INT'L (00130) announced that it will issue HKD 25 million convertible bonds to the major shareholder to offset debts of approximately HKD 10.082 million and obtain cash of about HKD 14.918 million; the company's shares resumed trading this morning.

MOISELLE official website

The aforementioned convertible bonds have a term of 3 years and an annual interest rate of 2.5%; the conversion price is HKD 0.3, which represents a 20% premium over the closing price of HKD 0.25 before the agreement was made, and a premium of up to 97.1% compared to the average closing price of HKD 0.1522 over the previous 5 trading days.

The net proceeds from the fundraising are approximately HKD 14.5 million, which will be used for the company's general working capital and to repay loans