Summary by Moomoo AI
Zhongda Group Holdings Limited (“Zhongda Group”) announces plans to issue bonds to independent third-party investors to raise no more than HK$10 million in capital. The bond will not be sold to the Hong Kong public or corporate affiliates and will be sold privately. The specific terms and conditions of the bond have not yet been determined and will depend on market conditions and investor interest. The bonds will be the direct unsecured liability of the company and will not be listed on any stock exchange. The funds raised will be used for new energy vehicle sales and general operating capital. No binding agreements have been signed at this time, so there is still uncertainty about bond issuance. The Company will make further announcements in due course. The announcement date is 13 May 2024.