Zoomlion Updates on Proposed RMB6 Billion Convertible Bonds Placement

Reuters11-25
Zoomlion Updates on Proposed RMB6 Billion Convertible Bonds Placement

Zoomlion Heavy Industry Science and Technology Co. Ltd. has provided an update on its proposed placing of convertible bonds under a specific mandate. The company plans to issue convertible bonds with an aggregate principal amount of up to RMB6 billion (approximately HK$6,576,928,136). The initial conversion price for the bonds is set at HK$9.75 per H Share, subject to adjustments. The update confirms that the proposed issuance will not be registered under the U.S. Securities Act and may not be offered or sold in the United States, except under certain exceptions. The update follows a prior announcement dated 30 October 2025 and outlines the terms and conditions consistent with the term sheet in the Placing Agency Agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zoomlion Heavy Industry Science and Technology Co. Ltd. published the original content used to generate this news brief via via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251125-11927320), on November 25, 2025, and is solely responsible for the information contained therein.
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