Momentum Financial (HKG:1152) will convert nearly HK$7.8 million of convertible bonds into a little over 106.6 million conversion shares at HK$0.073 apiece, according to a Tuesday Hong Kong bourse filing.
The move comes as the firm received conversion requests from Li Yang and Wang Guangwen.
The shares represent around 3.11% of the finance leasing company's enlarged issued share capital.
The bonds were issued as part of the company's debt restructuring.
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