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CHINAHONGQIAO Plans to Issue Convertible Bonds at 25.3% Premium for Expected Net Proceeds USD1.47B
CHINAHONGQIAO (01378.HK) announced a proposed issuance of zero-coupon convertible bonds due 2027 with an initial principal amount of RMB10.2 billion.The initial conversion price is...
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CHINAHONGQIAO Plans to Issue Convertible Bonds at 25.3% Premium for Expected Net Proceeds USD1.47B
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CHINAHONGQIAO (01378.HK)  +0.390 (+1.334%)    Short selling $135.87M; Ratio 19.722%   announced a proposed issuance of zero-coupon convertible bonds due 2027 with an initial principal amount of RMB10.2 billion.

The initial conversion price is HKD43.9, a premium of around 25.3% over yesterday's (27th) closing price of HKD35.04. The bonds may be fully converted into around 267 million shares, equivalent to about 2.6% of the enlarged share capital.

The expected net proceeds of around USD1.469 billion are intended for the procurement and stockpiling of bauxite as raw materials for production, the refinancing of existing indebtedness, investment in overseas projects, future share repurchases, and general corporate purposes.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)

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