Summary by Moomoo AI
Micro-Union Group (stock code: 2013) announced on April 18, 2024 that it will repurchase $300 million of zero-interest guaranteed convertible debt maturing in 2026. The convertible debt is issued by its wholly-owned subsidiary Weimob Investment Limited and currently outstanding principal amount is $201.217 million. UNDER THE TRANSFERABLE TERMS, THE ISSUER AND MICROALLIANCE GROUP AND ITS SUBSIDIARIES HAVE THE RIGHT TO PURCHASE THESE BONDS AT ANY TIME ON THE PUBLIC MARKET OR OTHERWISE. Micro-Union Group has appointed Merrill Lynch (Asia Pacific) Limited as transaction operator to assist in the completion of the repurchase, the completion of which will be subject to market conditions and investor needs. Micro-Union Group will make a further announcement regarding the repurchase and remind shareholders and potential investors to exercise caution when trading the Company's securities.