By Rebecca Melvin
Concord, N.H., Feb. 25 – Wealthy Way Group Ltd. completed a subscription agreement to issue HK$10 million of 8% two-year bonds, according to a company filing with the Stock Exchange of Hong Kong Ltd.
The bonds are freely redeemable at par plus accrued interest by mutual agreement between the company and the bondholders.
Lo Wai Ho, chairman and executive director of the company, provided a personal guarantee for the bonds, which will not be listed on any stock exchange.
The proceeds will be used to finance the expansion of the group’s existing business and for general working capital.
Wealthy Way is a financial leasing and advisory services provider based in Shenzhen, China.
| Issuer: | Wealthy Way Group Ltd.
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| Amount: | HK$10 million
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| Issue: | Bonds
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| Maturity: | 2024
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| Coupon: | 8%
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| Issue date: | Feb. 25
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