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Hua Yin International sells HK$60 million convertibles to six placees
By Devika Patel
Knoxville, Tenn., June 28 – Hua Yin International Holdings Ltd. sold HK$60 million of convertible bonds to at least six investors.
The bonds have an initial conversion price of HK$0.445 per share.
Proceeds will be used for potential acquisition and/or projects investments in new business, debt repayment and general working capital.
Hua Yin is a property development and management company based in Wanchai, Hong Kong.
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