Trendzon Holdings Group (HKG:1865) has raised HK$40 million through a private placement of bonds to a single investor, Central Point Holding Development, according to a Thursday filing with the Hong Kong bourse.
The bonds, issued on March 13, carry a 3% annual interest rate and will mature in 2026. Cheer Union Securities acted as the agent placing the order. The bonds are unsecured and non-listed, with an option for early redemption.
The funds will support the company's financial strategy and business development, Trendzon said.
The company's shares were down by almost 14% in recent trading.
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