HFW advises Apollo Future Mobility Group Limited on issue of HK$300 million convertible bonds

Global sector-focused law firm HFW has successfully advised Apollo Future Mobility Group Limited (AFMG) on its issue of Convertible Bonds in the principal amount of HK$300 million.

AFMG, listed on the Main Board of the Hong Kong Stock Exchange (HKEX stock code: 860), specialises in the design, development, manufacturing, and sales of high-performance hypercars, as well as providing advanced mobility technology solutions.

The issuance of the convertible bonds will enable AFMG to expand its market share, enhance its technological research and development capabilities, and strengthen its brand building and marketing efforts.

The subscriber of Apollo’s Convertible Bonds is a private company wholly owned by the Ningbo People’s Government State-owned Assets Supervision and Administration Commission, which is ultimately controlled by the Ningbo Municipal Government.

The HFW team advising on the matter, which completed on 18 December 2024, was led by Hong Kong partner Wing Cheung, with support from Consultant Roger Wong, and Associate Max Hui.​