Brief: Golden Ponder Says Entered Into Debt Capitalisation Deal

Envision Greenwise Holdings

21/03/2023 12:24

March 21 (Reuters) - Golden Ponder Holdings  1783.HK :
    * CO AND CHUN YIP INTERNATIONAL INVESTMENT ENTERED INTO
SUBSCRIPTION AND DEBT CAPITALISATION AGREEMENT
    * CO SHALL ALLOT AND ISSUE 103.7 MILLION SHARES FOR
AGGREGRATE
PRICE OF HK$41.5 MILLION
    * CO HAS CONDITIONALLY AGREED TO ALLOT AND ISSUE 45 MILLION
SUBSCRIPTION SHARES AT HK$0.40 PER  SHARE
    * IN VIEW OF GROUP'S CURRENT FINANCING NEEDS MANAGEMENT
CONSIDERING BOTH EQUITY AND DEBT FINANCING
    * GROUP IS ALSO ACTIVELY SEEKING FOR LOAN AND CREDIT
FACILITIES TO
SUPPORT ITS WORKING CAPITAL NEEDS
    * GROUP INTENDS TO CONDUCT DEBT CAPITALISATION AND
SUBSCRIPTION TO
PRESERVE ITS CASH OUTLAY AND RAISE ADDITIONAL CAPITAL
    * INTENDS TO USE NET PROCEEDS FROM SUBSCRIPTION FOR
EV-CHARGING
STATION INFRASTRUCTURE PROJECTS
    * AS AT MARCH 21, CHAIRMAN AND EXECUTIVE DIRECTOR INTERESTED
IN 90
MILLION SHARES AND 441.9 MILLION SHARES RESPECTIVELY OF CO


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