Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
J&T EXPRESS-W Issues HKD4.65B Convertible Bonds
Recommend 1 Positive 2 Negative 2 |
||||
|
||||
|
J&T EXPRESS-W (01519.HK) announced a proposed issuance of zero-coupon guaranteed convertible bonds maturing in 2033 with a principal amount of HKD4.65 billion. The initial conversion price is set at HKD14.55 per Class B share, a premium of around 30.85% over yesterday's (22nd) closing price of HKD11.12. The bonds are fully convertible into up to around 320 million new shares, accounting for about 3.47% of the enlarged share capital. The net proceeds from this issuance are around HKD4.596 billion, which will be used for further development of the group's overseas business and technology upgrades, optimization of the group's capital structure (including share buybacks), and general corporate purposes. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
