[ET Net News Agency, 30 October 2018] China First Capital Group Limited (01269)
proposed to issue bonds of not more than HK$1 billion to investors which are independent
third parties. None of the bonds will be offered to the public in Hong Kong or be placed
to connected persons of the company.
As no binding agreement in relation to the proposed issue of the bonds has been signed,
hence, the proposed issue may or may not materialise.
The net proceeds from the proposed issue of the bonds are intended to be used for
development and expansion of the group's existing business, repayment of debts, and
general working capital. (KL)