January 28，Hong Kong 188bet app download announced，The principal amount of 67 will be issued.HK0 million five-year guaranteed convertible bond，Raising funds to strengthen the company’s liquidity and enrich working capital，Enable it to effectively respond to the challenges posed by the new coronavirus global pandemic。

Company statement，The annual interest rate of convertible bonds is 2.75%，Expires in 2026；The initial conversion price is 8 per converted share.HKD 57，The company’s closing price on Wednesday is 6.HKD 59, 30% premium。If all convertible bonds are converted into shares，The company must issue more than 7.86.4 188bet app download shares，Equivalent to approximately 12 of the existing and enlarged issued share capital respectively.22%&10.89%。

The global aviation industry has almost come to a standstill due to the epidemic，188bet app download announced a recapitalization plan last year，By issuing preference shares and warrants to the Hong Kong government、Rights issue to existing shareholders，As well as obtaining bridging loans from the government and other means to raise approximately HK billion。In October last year, it announced the layoff of 5,900 employees and the suspension of the 35-year-old Dragonair Airlines。

But the impact of the epidemic on 188bet app download is still expanding，188bet app download stated，From February 2021，The Hong Kong SAR government will require pilots and cabin crew stationed in Hong Kong to undergo 14 days of quarantine and 7 days of medical surveillance。In response to new epidemic prevention regulations，188bet app download may need to reduce its current passenger capacity by about 60%、Freight transportation capacity is about 25%；Monthly operating cash consumption will be about HK.0-1.5 billion from the current level，An additional increase of approximately HK0-400 million。

188bet app download carried 39,989 passengers in December 2020，Down 98 compared to the same month in 2019.7%，Revenue passenger kilometers decreased by 98 year-on-year.1%。Passenger load factor dropped by 66.6 percentage points to 18.4%。All year 2020，188bet app download and Cathay Dragon passenger numbers fell by 86 compared to last year.9%，Capacity shrinkage 78.8%。

*thisSource: Civil Aviation Resources Network, original title: "Monthly cash burn exceeds 1 billion, 188bet app download plans to issue convertible bonds to raise 67%.HKD 400 million》.