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SF HOLDING Dives 6%+ on Proposed Shr Placement at 8.8% Discount & Convertible Bond Issuance at 4.9% Premium
SF HOLDING (06936.HK) plans to place shares and issue convertible bonds to raise a net total of over HKD5.8 billion. Its stock price opened 3.03% lower today (26th) and once sank t...
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SF HOLDING Dives 6%+ on Proposed Shr Placement at 8.8% Discount & Convertible Bond Issuance at 4.9% Premium
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SF HOLDING (06936.HK)  +0.200 (+0.451%)    Short selling $133.88M; Ratio 51.938%   plans to place shares and issue convertible bonds to raise a net total of over HKD5.8 billion. Its stock price opened 3.03% lower today (26th) and once sank to a bottom of HKD42.95. It last traded at HKD43.3, down 6.28%, with a volume of 851,000 shares, involving HKD37.1757 million.

SF HOLDING is set to place 70 million new H-shares (around 29.2% of the enlarged H-share capital and about 1.4% of the total issued shares) at a price of HKD42.15 per share, representing around an 8.8% discount to yesterday's (25th) closing price of HKD46.2. The placement is expected to raise net proceeds of around HKD2.933 billion.

The company also plans to issue the HKD2.95 billion zero coupon guaranteed convertible bonds due 2026 with the initial conversion price at HKD48.47 per H-share, representing around a 4.9% premium to yesterday's closing price. These bonds can be fully converted into around 60.8593 million H-shares, about 26.4% of the enlarged H-share capital and about 1.2% of the total issued shares. The issuance is expected to raise around HKD2.901 billion net.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)

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