HKG:1152

2 stories mentioning HKG:1152Updated 49d ago

Every FINWIRES story that references HKG:1152, newest first.

Momentum Financial to Convert Convertible Bonds into Shares

Momentum Financial (HKG:1152) will convert nearly HK$7.8 million of convertible bonds into a little over 106.6 million conversion shares at HK$0.073 apiece, according to a Tuesday Hong Kong bourse filing.The move comes as the firm received conversion requests from Li Yang and Wang Guangwen.The shares represent around 3.11% of the finance leasing company's enlarged issued share capital.The bonds were issued as part of the company's debt restructuring.

HKG:1152

Asia56d ago

Momentum Financial Launches HK$21 Million Share Placement to Fund E-Commerce, Web3 Push

Momentum Financial (HKG:1152) plans to raise net proceeds of about HK$20.5 million through a share placement, according to a Tuesday Hong Kong bourse filing.The company agreed to place up to 104.3 million new shares at HK$0.20 apiece, representing discounts of 20% to the last closing price and 18.6% to the five-day average closing price.The new shares represent about 3.1% of the company's existing issued share capital and about 3% of the enlarged share capital after the placement.Momentum Financial said about 73% of the proceeds will be used for cross-border e-commerce businesses, while the remainder will fund AI- and Web3-driven e-wallet payment solutions and general working capital.

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