Core Viewpoint - 京西国际 has entered into conditional subscription agreements for the issuance of new shares and convertible bonds, indicating a significant capital raising initiative to enhance its financial position and support future growth [1][2]. Group 1: Subscription Agreements - On November 13, 2025, 京西国际 signed a legally binding conditional letter of intent with subscriber D (Ms. Yao Lianfang, an independent third party) for the subscription of 60 million new shares [1]. - On November 16, 2025, 京西国际 entered into subscription agreement A with subscriber A (京西重工 (香港)有限公司, the controlling shareholder), agreeing to issue approximately 237 million shares at a price of HKD 0.704 per share, totaling approximately HKD 167 million [1]. - 京西国际 also signed subscription agreement B with subscriber B (Mr. Liu Xihe, an executive director), agreeing to issue approximately 64.61 million shares at the same price, totaling approximately HKD 45.49 million [1]. - The shares from these agreements represent about 35% of the total shares issued as of the announcement date and will be subject to special authorization at a shareholders' meeting [1]. Group 2: Additional Subscription Agreements - On November 16, 2025, 京西国际 entered into subscription agreement C with subscriber C (Ms. Xu Anpan, an independent third party) for the subscription of approximately 64.61 million shares at HKD 0.704 per share, totaling approximately HKD 45.49 million [2]. - 京西国际 also signed subscription agreement D with subscriber D for the same number of shares and price, totaling approximately HKD 45.49 million [2]. - These shares represent about 15% of the total shares issued as of the announcement date and will also require special authorization at a shareholders' meeting [2]. Group 3: Convertible Bonds - 京西国际 entered into a convertible bond subscription agreement with subscriber A, agreeing to issue convertible bonds amounting to approximately HKD 409 million [2]. - Based on an initial conversion price of HKD 0.704 per share, the bonds could convert into approximately 582 million shares, representing about 67.5% of the total shares issued as of the announcement date [2]. Group 4: Trading Suspension and Resumption - 京西国际's shares were suspended from trading on the Hong Kong Stock Exchange starting from 9:00 AM on November 14, 2025, pending the publication of this announcement [3]. - The company has applied for the resumption of trading, which is set to begin at 9:00 AM on November 17, 2025 [3].
京西国际(02339.HK)拟发行认购股份及可换股债券 11月17日复牌