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CHOW TAI FOOK Issues Convertible Bonds at 26% Premium to Raise Net HKD8.715B
CHOW TAI FOOK (01929.HK) announced the proposed issuance of HKD8.8 billion 0.375% convertible bonds due 2030, with an annual interest rate of 0.375% and a maturity date of June 30,...
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CHOW TAI FOOK Issues Convertible Bonds at 26% Premium to Raise Net HKD8.715B
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CHOW TAI FOOK (01929.HK)  +0.180 (+1.429%)    Short selling $138.92M; Ratio 39.358%   announced the proposed issuance of HKD8.8 billion 0.375% convertible bonds due 2030, with an annual interest rate of 0.375% and a maturity date of June 30, 2030.

The initial conversion price is set at HKD17.32 per share, around a 26.2% premium over yesterday's (16th) closing price of HKD13.72. The bonds can be fully converted into 508 million shares, accounting for around 4.9% of the enlarged share capital.

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The net proceeds of around HKD8.715 billion are intended for the development and financing of the gold jewelry business, store upgrades and strategic expansion in domestic and international markets, and general working capital.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 16:25.)

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