Morris Holdings Limited (SEHK:1575) announced that it has entered into a loan agreement with new investor International Finance Corporation for convertible loan for gross proceeds of HKD 200,000,000 on January 5, 2018. The loan carries a coupon of 1.25% per annum above 6 months Hong Kong interbank offered rate. Interest period of the convertible loan shall be a period of six months in each case beginning on an interest payment date and ending on the day immediately before the next following interest payment date and would mature in fifth anniversary of the date. The loan is convertible into 90,090,090 common shares of the company at a conversion price of HKD 2.22 per share, which represent approximately 9.01% of the issued share capital of the company as at the date of this announcement and approximately 8.26% of the issued share capital of the company as enlarged by the allotment and issue of the conversion share. The company will receive net proceeds of HKD 196,500,000. The loan will guaranteed by the controlling shareholders’ guarantee by Zou and Wu in favor of the investor. The transaction has been approved by the Stock Exchange.