Yili Holdings Limited's issuance of convertible bonds is a strategic move to enhance its Web3 initiatives, reflecting a commitment to digital innovation.
Yili Holdings Limited has signed an agreement to issue zero-coupon convertible bonds worth HK$19.95 million, aimed at developing its Web3 business. The bonds, convertible at HK$0.25 per share, will mature on July 16, 2031, allowing conversion into up to 79.8 million new shares, which will be listed on the Hong Kong Stock Exchange.