China Hongqiao (01378.HK) -1.540 (-4.395%) Short selling $246.37M; Ratio 15.635% announced that it proposes to issue RMB-denominated convertible bonds to be settled in USD. At the same time, it proposes a concurrent equity offering and a concurrent share repurchase. As of now, the principal amount, terms and conditions of the issuance have not yet been determined.The net proceeds are intended to be used for the procurement and stockpiling of production raw material bauxite, refinancing of existing debt, investment in overseas projects, future share repurchases, and general corporate purposes. (de/d)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-27 16:25.)Related NewsChina Hongqiao (01378.HK) Subsidiary Hongqiao Holdings (002379.SZ) 1Q Net Profit RMB6.758 Billion, Up 37.6%
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