{"id":777038682,"date":"2026-03-04T07:19:46","date_gmt":"2026-03-04T10:19:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777038682"},"modified":"2026-04-21T13:52:25","modified_gmt":"2026-04-21T16:52:25","slug":"iec-completes-first-hk800m-tranche-of-digiplus-convertible-notes-deal","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/iec-completes-first-hk800m-tranche-of-digiplus-convertible-notes-deal","title":{"rendered":"IEC completes first HK$800m tranche of DigiPlus convertible notes deal"},"content":{"rendered":"\n

The remaining tranche is expected to be finalised within three months of the first closing, unless both parties agree in writing to extend the timeline.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- In a filing with the Hong Kong Stock Exchange<\/strong>, International Entertainment Corporation<\/strong> has confirmed that it has received the first HK$800m<\/strong> (US$102.6m) tranche of its HK$1.6bn<\/strong> (US$205.1m) convertible notes agreement with DigiPlus<\/strong>. The company said all pre-agreed conditions were fulfilled before the deal closed on March 3<\/strong>.<\/p>\n\n\n\n

According to IEC, the remaining tranche is expected to be finalised within three months of the first closing, unless the parties agree in writing to extend the timeline. This transaction will involve the issuance of an additional HK$800m<\/strong> (US$102.6m) in convertible notes.<\/p>\n\n\n\n

The terms of the deal were set out in the subscription agreement signed on November 17, 2025<\/strong>. At that time, IEC\u2019s issued share capital stood at 1,369,157,235 shares<\/strong>. Upon full conversion of the convertible notes, the company\u2019s total shares will increase to 2,969,157,235<\/strong>.<\/p>\n\n\n\n

The net amount raised from the two tranches is expected to reach about HK$1.59bn<\/strong> (US$204.9m), after deducting relevant costs and expenses of around HK$2m<\/strong>. In previous statements, the company indicated that part of the proceeds will help finance enhancements and operational preparations at its refurbished New Coast Hotel Manila<\/strong>, which is scheduled to open in July 2026<\/a>.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> International Entertainment approves DigiPlus convertible notes arrangement<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The remaining tranche is expected to be finalised within three months of the first closing, unless both parties agree in writing to extend the timeline.<\/p>\n","protected":false},"author":2395,"featured_media":777031337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"International Entertainment Corporation (IEC) has secured the initial HK$800m tranche of its HK$1.6bn convertible notes agreement with DigiPlus, with the remaining tranche expected within three months. The capital infusion, totaling approximately HK$1.59bn net, is earmarked for enhancements and operational preparations at its New Coast Hotel Manila, slated for a July 2026 opening.","focusai_entities":"International Entertainment Corporation, DigiPlus","focusai_location":"Hong Kong, Manila","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Convertible Notes Terms?","query":"What are the specific conversion price, maturity date, and other key terms of the convertible notes agreement between IEC and DigiPlus?"},{"label":"Impact on Capital Structure?","query":"How will the full conversion of these notes impact IEC's debt-to-equity ratio, earnings per share, and overall capital structure?"}],"footnotes":""},"categories":[16338,163],"tags":[25147,24370,23727],"class_list":["post-777038682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-convertible-notes","tag-digiplus","tag-international-entertainment-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777038682"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038682\/revisions"}],"predecessor-version":[{"id":777038730,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038682\/revisions\/777038730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777031337"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777038682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777038682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777038682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}