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Tianyun Int'l (06836) to issue US$9m convertible notes
Tianyun International (06836) said it agreed to
issue convertible notes in an aggregate principal amount of US$9 million at an interest of
6% per annum to Guotai Junan Finance (Hong Kong) Limited.
  The initial conversion price is HK$1.58 per conversion share, representing a premium of
about 12.9% to the closing price of HK$1.4.
  Assuming full conversion of the notes, a maximum of 44.15 million conversion shares will
be issued, representing around 4.32% of the enlarged issued share capital of Tianyun 
International.
  The estimated net proceed of about HK$68 million will be used for the general working
capital of the Group, and expansion and development of the Group's own brand business in 
the areas including new brands, new product varieties, industrial partnership and
strategic investment.
  Guotai Junan is a limited liability company incorporated in Hong Kong and is principally
engaged in money lending and trading in securities.

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