Hatcher Group (08365) announced that on September 23, 2024, the company entered into a subscription agreement with the subscriber (Redbridge...
According to the announcement by Hatcher Group (08365) on September 23, 2024, the company has entered into a subscription agreement with the subscriber Redbridge Capital Global Opportunities OFC, under which the company conditionally agrees to issue and the subscriber conditionally agrees to subscribe for convertible bonds in the amount of 5.67 million Hong Kong dollars.
Redbridge Capital Global Opportunities OFC is an open-ended fund company established in Hong Kong, China, and represents Redbridge Capital Global Opportunities 1 and Redbridge Capital Global Opportunities 2 registered with the Securities and Futures Commission of Hong Kong.
The company plans to use the proceeds from the subscription for general operating funds of the group. In line with the continuous development strategy, the directors anticipate that the company will be able to create synergy by leveraging the financial expertise of the subscriber and the network established by the subscriber. They also consider that the net proceeds from the subscription will reduce the operating and administrative expenses that the group may incur in line with its development strategy, and any conversion shares will encourage the subscriber to actively contribute to the group's continuous development.