Yili Holdings issued nearly 20 million Hong Kong dollars in convertible bonds for Web3.0 development.

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PANews, July 17 - Hong Kong-listed company Yi Li Holdings (00076) announced that it has signed a protocol on July 17, 2025, to issue zero-interest convertible bonds totaling HKD 19.95 million to investors. The bond has a term of six years, with a maturity date of July 16, 2031. The conversion price of the bonds is HKD 0.25 per share, and they can be converted into a maximum of 79,800,000 new shares. The new shares will be applied for listing on the Hong Kong Stock Exchange, but the bonds themselves will not be listed for trading. The company stated that this financing will be used to develop third-generation Internet Web3.0 related businesses to promote future development.

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