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JD-SW Mulling Issuance of Min. USD1B Bonds Linked to JD HEALTH Equity: Wire
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JD-SW (09618.HK) is considering raising at least USD1 billion through the issuance of equity-linked bonds, which can be converted into JD HEALTH (06618.HK) shares, Bloomberg reported, citing sources. It is understood that JD-SW is now gauging investor interest.

According to JD HEALTH's interim report, JD-SW holds over 67% of its shares. JD HEALTH's stock price has snowballed by 125% in Hong Kong this year, lifting the market cap to USD26 billion.

Related NewsNomura Lowers JD-SW's TP to HKD144, Reduces Rev. & Profit Forecasts
JD HEALTH was soft today (25th). It last traded at HKD62.4, down 0.24%. In contrast, JD-SW last rose by 0.09% to HKD112.5.
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