Hi,
moomoo ID:NaN
Log Out
English
Back
Log in to access Online Inquiry

Yeahka Issues, Files for Bourse Listing of $70 Million Convertible Bonds

MT Newswires ·  {{timeTz}}

03:49 AM EDT, 07/14/2022 (MT Newswires) -- Yeahka (HKG:9923) completed the issuance of $70 million worth of convertible bonds on Wednesday, according to a same-day disclosure.

The hybrid securities bear an interest rate of 6.25% per annum and will mature on July 13, 2027. The bonds are convertible into 23,551,758 shares of the company based on the initial conversion price of HK$23.32 per share.

Roughly 80% of the deal proceeds will be used for the expansion of its overseas business, while the rest will go towards research and development, marketing and recruitment to strengthen the group's competitiveness in mainland China.

The payment solutions provider filed for the listing of the convertible bonds on the Hong Kong bourse, a separate disclosure said.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.