Common Contracts
1 similar Supplemental Agreement contracts
SUPPLEMENTAL AGREEMENT IN RELATION TO SUBSCRIPTION OF CONVERTIBLE NOTES UNDER SPECIFIC MANDATESupplemental Agreement • August 31st, 2023
On 12 May 2023, the Company and the Subscriber entered into the Subscription Agreement in relation to the Subscription of the Convertible Notes. On the same date, the Company and the Subscriber entered into the Credit Support Agreement, pursuant to which the initial proceeds of HK$686 million from issue of the Convertible Notes will be utilised as collateral to secure the Company’s redemption obligation under the Convertible Notes. Pursuant to the Credit Support Agreement, the Company will not receive the proceeds from the Convertible Notes immediately upon Completion. As a result of this credit support arrangement, the Stock Exchange took the view that the issue of the Convertible Notes and the collateral arrangement shall constitute the issue of an option on the part of the Company and the Company shall comply with the requirement under Chapter 15 of the Listing Rules.
