[ET Net News Agency, 25 April 2017] RM Group (00932) said it agreed to place
convertible bonds in an aggregate principal amount of up to HK$300 million for a term of
two years at the rate of 6% per annum.
The conversion price of HK$4.65 per conversion share represents a premium of about 7.4%
to the closing price of HK$4.33.
Assuming the convertible bonds are fully placed, a maximum of 64.52 million conversion
shares will be issued, representing about 10.9% of the enlarged issued share capital of RM
The estimated net proceeds of about HK$281 million will be used as to about 90% for
financing the future acquisition and about 10% as general working capital of the Group.
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