Huatai Securities Shares Fall After $1.28B Bond Issuance Plan

Dow Jones02-03

By Tracy Qu

Huatai Securities shares fell after the company disclosed a US$1.28 billion bond issuance plan.

The Chinese securities company's shares on Tuesday declined 8% to 16.95 Hong Kong dollars, equivalent to US$2.17, underperforming the Hang Seng Index's 0.25% gain. Huatai's Shanghai-listed shares closed 4.05% lower.

The company said it plans to raise HK$10.00 billion via the issuance of zero-coupon convertible bonds due 2027. The bonds can be exchanged for 507.6 million H-shares at an initial conversion price of HK$19.70 a share, which represents a 6.8% premium to the last closing price, according to an exchange filing.

Huatai said it plans to use the proceeds for business expansion and meeting working capital needs.

The issuance of convertible bonds often drag down a company's share price, as it represents a potential dilution of existing equity.

Write to Tracy Qu at tracy.qu@wsj.com

(END) Dow Jones Newswires

February 03, 2026 02:14 ET (07:14 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Huatai's Shanghai-listed shares closed 4.05% lower. \n\n\n  The company said it plans to raise HK$10.00 billion via the issuance of zero-coupon convertible bonds due 2027. 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