HKG:1378

4 stories mentioning HKG:1378Updated 14d ago

Every FINWIRES story that references HKG:1378, newest first.

China Hongqiao Group Parent Boosts Stake

China Hongqiao Holdings, the parent firm of China Hongqiao Group (HKG:1378), has acquired an additional 21 million shares of the company in the open market on Monday at an average price of HK$26.46 per share, according to a same-day filing to the Hong Kong Exchange.With this, China Hongqiao Holdings' controlling stake in the aluminum producer has increased by 0.21% to around 6.12 billion shares, representing around 62.3% of the company's total issued shares.

HKG:1378

Asia21d ago

China Hongqiao Cuts Conversion Price of $300 Million Bonds Due 2030

China Hongqiao Group (HKG:1378) slashed the conversion price of certain convertible bonds due 2030 to HK$18.44 per share from HK$19.36 apiece, effective Wednesday, according to a Tuesday Hong Kong bourse filing.The bonds comprise $300 million of 1.5% convertible bonds maturing in four years.The move came following the payment of a dividend to the firm's shareholders.Following the adjustment, the number of conversion shares to be issued on full conversion will increase by over 6 million, bringing the total to more than 126.4 million.

HKG:1378

Asia49d ago

China Hongqiao Completes 10.2 Billion Yuan Convertible Bond Sale

China Hongqiao Group (HKG:1378) completed the issue of zero-coupon convertible bonds maturing in 2027 to raise 10.2 billion yuan, according to a Tuesday Hong Kong bourse filing.The firm will use proceeds to procure raw material, refinance existing debt, invest in overseas projects, and for future share repurchases and general corporate purposes.On full conversion of the convertible bonds at HK$43.90 apiece, a little over 266.6 million shares of the firm will be issued.

HKG:1378

Asia56d ago

China Hongqiao Group Eyes 10.2 Billion Yuan in Offshore Debt Offering

China Hongqiao Group (HKG:1378) plans to raise 10.2 billion yuan via an offshore convertible bond issue, according to a Hong Kong bourse filing Tuesday.The zero-coupon bonds will convert into shares of the company at an initial rate of HK$43.90 per share, representing a premium of about 25.3% to the company's closing price on Monday.Assuming full conversion, the shares to be issued would amount to 266.6 million and represent 2.7% of the company's existing share capital and 2.6% on an enlarged basis.Proceeds to be raised will be used for refinancing existing debt and the purchase of raw materials.The firm simultaneously plans to purchase 11.3 million shares in a concurrent share buyback at HK$33.99 apiece.

HKG:1378

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