Bingo Group Holdings Limited announced that it has entered into subscription agreement for private placement of convertible bonds for gross proceeds of HKD 19,000,000 on December 7, 2021. The bonds do not bear any interest rate and will mature on December 31, 2025. The transaction will include participation from CHIAU Sing Chi.

The bonds are convertible into common shares of the company. The transaction has been approved by board of directors of the company and is subject to approval from shareholders.