Green International Holdings Limited (SEHK:2700) announced that it has entered into a convertible bond subscription agreement for gross proceeds of HKD 207.2 million on January 26, 2018. The company will issue HKD 120 million worth bonds at an interest rate of 3% to Hong Kong Sheen Smile International Investment Limited which is expected to close on March 3, 2018. The company also issue HKD 60 million worth of bonds to Zheyin Tianqin (Shenzhen) Investment Limited and HKD 27.2 million worth of bonds to other investors at an interest rate of 6% which are expected to close on March 3, 2018 and February 9, 2018 respectively. The bonds will be convertible into shares at a conversion price of HKD of 0.17 per share for an aggregate of 1,218,823,528 shares. The bonds are redeemable. The company will pay expenses equal to HKD 3.1 million.