Summary by Moomoo AI
Huayi Tencent Entertainment Limited (the “Company”) announced that it has completed the issuance on 21 March 2024 of Lot A convertible debentures totaling HK$600,000. The funds are expected to be used to support the expansion of the Digital Operating Services division of the Group's healthcare industry, the operation of smart health service platforms, the payment of interest on bonds, and as general operating capital. In addition, under the Subscription Agreement, the Company will appoint a non-executive director nominated by the Subscriber within 30 days of the completion date to enhance the diversification of the Board and monitor the financial condition. The Nomination Committee will evaluate the candidates' eligibility in accordance with the Listing Rules and decide on the appointment by the Board of Directors.