PENGO HLDG GP placed 120 million yuan of convertible bonds with an annual interest rate of 3%

PENGO HLDG GP (01865.HK) announced the placement of a total principal amount of up to HKD 120 million one-year convertible bonds with an annual interest rate of 3%; the initial conversion price is HKD 0.218, representing a discount of 14.51% compared to the last trading day (1st); the newly convertible shares account for 47.76% of the expanded capital. The net proceeds of HKD 118 million are intended for the development costs of the Shiquan City pumped storage power station project and working capital