hmvod Limited announced a private placement to issue convertible bonds for the gross proceeds of HKD 12,000,000 on August 8. 2023. The bonds have a fixed conversion price of HKD 0.60 per conversion share. The transaction will include participation from Mr. Cheng for HKD 8,000,000 and MADworld for HKD 4,000,000. The bond beads 3% coupon rate and matures on December 2024
The Bondholders may not assign or transfer the Convertible Bonds without the prior written consent of the Company.