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1208 MMG News Story

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MMG seeks $1.6 billion via share placement and convertible bond sale, term sheet shows

MMG seeks $1.6 billion via share placement and convertible bond sale, term sheet shows

- MMG Ltd 1208.HK is seeking to raise about $1.6 billion through a new share placement and a convertible bond sale, according to a term sheet seen by Reuters on Monday, as the Hong Kong-listed global mining company looks to repay debt and fund growth.


(Reporting by Yantoultra Ngui in Singapore; Editing by Emelia Sithole-Matarise)

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