Core Viewpoint - 大唐西市 plans to issue convertible bonds worth up to HKD 323 million with a coupon rate of 3.85% and an initial conversion price of HKD 0.95, representing a premium of approximately 5.56% over the closing price on October 17, 2025 [1] Financing Details - The company has entered into a placement agreement with a placement agent to issue convertible bonds with a total principal amount of up to HKD 323 million [1] - The net proceeds from the bond issuance are estimated to be around HKD 310 million [1] Use of Proceeds - Approximately 80% of the net proceeds will be allocated for the renovation of shopping center projects and the development of related properties [1] - The remaining 20% will be used for the company's operational funds to cover daily operating expenses [1]
大唐西市(00620)拟发行本金额最高达3.23亿港元的可换股债券