Core Viewpoint - The company, Energy and Energy Global (01142.HK), is undergoing a significant financial restructuring through the conversion of convertible bonds, which is expected to improve its financial condition substantially [1] Group 1: Convertible Bonds and Share Issuance - The company received multiple transfer documents regarding a total principal amount of USD 103 million for remaining convertible bonds between July 1, 2025, and September 25, 2025 [1] - On September 25, 2025, the board received conversion notices for the remaining convertible bonds totaling USD 184 million, which represents the entire principal amount of the remaining convertible bonds [1] - Following the conversion notices, 2.577 billion shares and 3.173 billion shares were issued and allocated to the subscribers and other remaining convertible bondholders, respectively [1] Group 2: Impact on Share Capital and Debt - After the issuance and allocation of the unexercised conversion shares, the total number of issued shares expanded to 12.637 billion [1] - During the period from July 1, 2025, to the announcement date, the company issued and allocated no less than 3.217 billion conversion shares to 14 remaining convertible bondholders (excluding subscribers), accounting for 25.45% of the expanded total issued shares [1] - As of March 31, 2025, the company recorded a net debt position of HKD 1.978 billion, and after the full conversion of the remaining convertible bonds, the debt is expected to decrease by USD 400 million (approximately HKD 3.123 billion), significantly improving the company's financial condition [1]
能源及能量环球(01142.HK)悉数转换余下可换股票据