Core Viewpoint - The company is engaging in a series of subscription agreements and convertible bond arrangements to raise approximately HKD 713 million for strategic investments and operational needs, particularly in its Polish production facilities and technology centers [4][5]. Group 1: Subscription Agreements - On November 13, 2025, the company entered into a legally binding conditional letter of intent with subscriber D, who intends to subscribe for 60 million new shares [1] - On November 16, 2025, the company signed subscription agreements with multiple subscribers, including A, B, and C, for a total of approximately 237 million shares at a price of HKD 0.704 per share, amounting to around HKD 167 million and HKD 45.49 million respectively [1][2] - The total number of shares to be issued under these agreements represents approximately 35% of the existing shares as of the announcement date, and about 23.33% after completion of the transactions [2] Group 2: Convertible Bonds - The company has also agreed to issue convertible bonds worth approximately HKD 409 million to subscriber A, which could lead to the issuance of about 581.5 million shares if the conversion rights are fully exercised [3] - This potential issuance would represent approximately 67.5% of the existing shares as of the announcement date and about 40.3% of the expanded share capital after the bond conversion [3] Group 3: Financial Resource Needs - The company anticipates a significant increase in operational complexity and costs due to the transition from internal combustion engines to electric vehicles, necessitating substantial investments in R&D and production capacity [4] - The board believes that the proposed subscription and bond arrangements are the most suitable means to raise additional capital, especially given the current global market volatility [4] Group 4: Use of Proceeds - The total expected net proceeds from the subscription and bond arrangements is approximately HKD 710 million, which will be allocated as follows: 40% for new production lines and upgrades in Poland, 30% for operational funding in Poland, 25% for operational funding in technology centers in Poland, Italy, and France, and 5% for operational funding at the Hong Kong headquarters [5][6]
京西国际拟融资约7.13亿港元 11月17日复牌