Synagistics to Issue $35 Million Convertible Bonds Due 2026

MT Newswires Live10-30

Synagistics (HKG:2562) agreed to issue 4.5% secured guaranteed convertible bonds due 2026 with an aggregate principal amount of $35 million, according to a Thursday Hong Kong bourse filing.

The bonds will carry an initial conversion price of HK$11.96 per share, which is a 7.7% premium to the last closing price of HK$11.11. They can be converted into about 22.7 million shares, or roughly 4.7% of the company's enlarged capital.

Net proceeds are expected to be about $33.6 million, earmarked for investments in gold and gold-related products, according to the filing.

Applications will be made to list the bonds on the Vienna MTF and the conversion shares on the Hong Kong Stock Exchange.

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2579157897?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-30 09:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2579157897","market":"sh","top_or_hot":-1,"title":"Synagistics to Issue $35 Million Convertible Bonds Due 2026","media":"MT Newswires Live","content":"<html><body><p> Synagistics (HKG:2562) agreed to issue 4.5% secured guaranteed convertible bonds due 2026 with an aggregate principal amount of $35 million, according to a Thursday Hong Kong bourse filing.</p><p>The bonds will carry an initial conversion price of HK$11.96 per share, which is a 7.7% premium to the last closing price of HK$11.11. They can be converted into about 22.7 million shares, or roughly 4.7% of the company's enlarged capital.</p><p>Net proceeds are expected to be about $33.6 million, earmarked for investments in gold and gold-related products, according to the filing.</p><p>Applications will be made to list the bonds on the Vienna MTF and the conversion shares on the Hong Kong Stock Exchange.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Synagistics to Issue $35 Million Convertible Bonds Due 2026</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSynagistics to Issue $35 Million Convertible Bonds Due 2026\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-10-30 09:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Synagistics (HKG:2562) agreed to issue 4.5% secured guaranteed convertible bonds due 2026 with an aggregate principal amount of $35 million, according to a Thursday Hong Kong bourse filing.</p><p>The bonds will carry an initial conversion price of HK$11.96 per share, which is a 7.7% premium to the last closing price of HK$11.11. They can be converted into about 22.7 million shares, or roughly 4.7% of the company's enlarged capital.</p><p>Net proceeds are expected to be about $33.6 million, earmarked for investments in gold and gold-related products, according to the filing.</p><p>Applications will be made to list the bonds on the Vienna MTF and the conversion shares on the Hong Kong Stock Exchange.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1109","symbol_name":"应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2579157897","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579157897","pubTimestamp":1761788639,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Synagistics (HKG:2562) agreed to issue 4.5% secured guaranteed convertible bonds due 2026 with an aggregate principal amount of $35 million, according to a Thursday Hong Kong bourse filing.The bonds w","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1109":"应用软件","02562":"狮腾控股"},"translate_title":"Synagistics将发行2026年到期的3500万美元可转换债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02562":1.5},"content_text":"Synagistics (HKG:2562) agreed to issue 4.5% secured guaranteed convertible bonds due 2026 with an aggregate principal amount of $35 million, according to a Thursday Hong Kong bourse filing.The bonds will carry an initial conversion price of HK$11.96 per share, which is a 7.7% premium to the last closing price of HK$11.11. They can be converted into about 22.7 million shares, or roughly 4.7% of the company's enlarged capital.Net proceeds are expected to be about $33.6 million, earmarked for investments in gold and gold-related products, according to the filing.Applications will be made to list the bonds on the Vienna MTF and the conversion shares on the Hong Kong Stock Exchange.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2579157897","isCrawlerRequest":true}