Weimob (HKG:2013) issued $90 million guaranteed convertible bonds due in 2029 on Thursday, according to a same-day filing with the Hong Kong bourse.
The initial conversion price is HK$1.30 per share. The bonds will be listed on the Hong Kong Stock Exchange today, Sept. 6.
The net proceeds from the bond issue are about $86 million, which will be used for refinancing existing debt.
Weimob shares were up 3% recently.
Price (HKD): $1.28, Change: $+0.040, Percent Change: +3.23%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments