Pengo Holdings Group Limited (1865) provided an update on its HK$40,000,000 bond subscription with a 3% annual interest rate, maturing in March 2026. According to the announcement, only a portion of the subscription has been completed so far, resulting in proceeds of HK$19,503,145 being received by the company.
Legal proceedings have been initiated in the High Court of Hong Kong between the company and the subscriber concerning the remaining amount and specific terms of the subscription agreement. A hearing date has not yet been set. Further developments will be disclosed by Pengo Holdings Group Limited as needed.
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