China Hongqiao Group Ltd. ( (HK:1378) ) just unveiled an announcement.
China Hongqiao Group Ltd. has announced the proposed issuance of US$300 million in 1.50% convertible bonds due in 2030, with the aim of refinancing existing offshore debt and supporting general corporate purposes. The bonds will be issued at a premium conversion price, potentially increasing the company’s share capital by approximately 1.2% upon full conversion, highlighting the company’s strategic financial maneuvering to strengthen its market position.
More about China Hongqiao Group Ltd.
China Hongqiao Group Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the aluminum industry. It focuses on the production and sale of aluminum products, positioning itself as a significant player in the global aluminum market.
YTD Price Performance: 28.06%
Average Trading Volume: 30,004,746
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$142.5B
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