The three investors for the convertible loan notes are Hong Kong-based investment holding firms EnerIHC Holding and Royal Investment Global as well as China-based Shenyang Pufei Technology Co. Mak Yuen Yee Selina, David Chic and Liang Jian are the sole shareholders for the firms respectively. Upon conversion, each subscriber will obtain a maximum shareholding of 10.82% of the enlarged share capital.
Catalist-listed Healthbank Holdings (formerly SMJ International) has entered into a convertible loan subscription agreement worth a total of $3.3 million in principal amount with three investors.
The three-year unsecured interest-free loan notes are convertible into ordinary shares at the option of the subscribers at a conversion price of 8.8 cents per share, which is equal to the volume-weighted average price of Healthbank shares on February 25, the last full market day shares in the company were traded.
