PANews reported on July 17 that Yi Li Holdings Company (00076), a Hong Kong-listed company, announced that it has signed an agreement to issue interest-free convertible bonds totaling 19.95 million Hong Kong dollars to investors on July 17, 2025. The bond term is six years, with a maturity date of July 16, 2031. The conversion price is 0.25 Hong Kong dollars per share, which can be converted into a maximum of 79,800,000 new shares. The new shares will be applied for listing on the Hong Kong Stock Exchange, but the bonds themselves will not be listed for trading.
The company stated that this financing will be used to develop third-generation Internet Web 3.0 related businesses to promote future development.
