FINWIRES · TerminalLIVE
FINWIRES

HKG:1378

8 stories mentioning HKG:1378Updated 12d ago

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

What's the latest news on HKG:1378?

Asia

China Hongqiao Unit to Acquire New Energy Business

China Hongqiao Group's (HKG:1378) indirect unit Yunnan Hongqiao New Materials agreed to acquire Yunnan Weiqiao Xinchuang Science and Technology Industrial Park Development.The target will be purchased from Yunnan Weiqiao Xinchuang Science and Technology Industrial Park Development for 239.7 million yuan, according to a Friday bourse filing.The target engages mainly in the photovoltaic new energy generation business in China.The acquisition will give Shandong Hongqiao Holdings, which wholly owns Yunnan Hongqiao New Materials, greater autonomy over its power supply and help it achieve stable and efficient business operations.

HKG:1378
Treasury

China Hongqiao Fully Redeems $330 Million 2028 Notes

China Hongqiao Group (HKG:1378) fully redeemed its $330 million senior unsecured notes due 2028 on Sept. 11, according to a same-day Hong Kong bourse filing.The company redeemed the 7.05% notes at 100% of principal plus the applicable premium and accrued interest. The redeemed notes will be canceled and delisted from the official list of the Singapore Exchange Securities Trading.

HKG:1378
Asia

China Hongqiao Posts Higher H1 Attributable Profit; Revenue Jumps

China Hongqiao Group (HKG:1378) reported 17.2 billion yuan in profit attributable to owners for the first half, compared with 12.4 billion yuan a year ago, a Friday filing showed.EPS moved to 1.599 yuan from 1.314 yuan year over year.For the six months ended June 30, revenue was 87.5 billion yuan, versus 81 billion yuan previously, the Hong Kong-listed aluminum products company said.

HKG:1378
Asia

China Hongqiao Forecasts 39% Boost in H1 Profit

China Hongqiao Group (HKG:1378) expects a 39% year-over-year increase in net profit for the six months ending June 30, a Hong Kong bourse filing on Friday said.The aluminum products company attributed the anticipated rise in profit mainly to a higher sales prices of its aluminium alloy products.

HKG:1378
Asia

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
Asia

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
Asia

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
Asia

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

Track with the FINWIRES app suite

FolioX
FolioX
Track HKG:1378 in your portfolio
WheelAI
WheelAI
Analyze HKG:1378 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on HKG:1378