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BRIEF-Quali-Smart to issue convertible notes with principal amount of HK$80 mln
May 2, 2017 / 12:47 PM / 3 months ago

BRIEF-Quali-Smart to issue convertible notes with principal amount of HK$80 mln

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May 2 (Reuters) - Quali-Smart Holdings Ltd:

* Co agreed to issue, and Benefit Global Limited agreed to subscribe for convertible notes with a principal amount of hk$80 million

* Convertible notes shall bear interest at simple interest rate of 6% per annum, payable quarterly in arrears

* Net proceeds from notes issuance will be used for repayment of liabilities, expansion of financial services business under Crosby Group Source text: [bit.ly/2oTxW6V] Further company coverage:

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