Pengo Holdings Raises HK$120 Million Through Convertible Bond Placement

Reuters2025-12-31

Pengo Holdings Raises HK$120 Million Through Convertible Bond Placement

Pengo Holdings Group Ltd. has announced the completion of a placing of convertible bonds under a specific mandate, raising gross proceeds of HK$120 million. After deducting related expenses, the net proceeds amount to approximately HK$118.4 million. Of this, around HK$18.4 million, or 15.5%, will be allocated as working capital for the group's daily operating expenses and payment to suppliers and subcontractors. Immediately upon full conversion of the convertible bonds, the total number of shares will increase from 736,736,000 to 1,287,194,715, with the placees holding approximately 42.76% of the enlarged share capital. The company confirmed that none of the placees will become a substantial shareholder as defined under the listing rules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pengo Holdings Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251231-11972854), on December 31, 2025, and is solely responsible for the information contained therein.

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Immediately upon full conversion of the convertible bonds, the total number of shares will increase from 736,736,000 to 1,287,194,715, with the placees holding approximately 42.76% of the enlarged share capital. The company confirmed that none of the placees will become a substantial shareholder as defined under the listing rules.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pengo Holdings Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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