Green International Holdings Limited (SEHK:2700) announced that it has entered into a subscription agreement with Zheyin Tianqin (Shenzhen) Investment Limited for a private placement of convertible bonds for gross proceeds of HKD 25,000,000 on February 13, 2017. The bonds carry a coupon of 8% per annum, and will mature in one year from the date of issue. The bonds will be convertible into common shares of the company at a conversion price of HKD 0.20. The bonds are direct unconditional, unsubordinated and unsecured obligations. The securities will not be transferable without written consent of the company. The transaction is expected to close with in five business date after completion of all conditions to the agreement which will not be later than February 24, 2017.