GCL TECH issues CB to third parties to raise 1.17 billion for investment and acquisition fund
GCL TECH (03800.HK) announced that it will issue convertible bonds with a principal amount of no more than RMB 1.17 billion to an independent third party, CPICIM AI Computing Power SP, with a maturity date of 364 days from the date of issuance and an annual interest rate of 9.5%; the conversion price is RMB 1.6, representing a premium of 41.59% over today's (28th) closing price; the newly convertible shares will account for 2.15% of the enlarged share capital. The proceeds are intended for investment in a merger and acquisition fund.
The subscriber is one of the independent portfolios of the Pacific Waterdrip Digital Asset Fund SPC
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