Core Viewpoint - China Hongqiao announced that its controlling shareholder, Hongqiao Holdings, will place shares to independent subscribers while also subscribing for newly issued shares of the company. The placement and subscription price is set at HKD 29.20 per share, representing a discount of approximately 9.60% from the previous trading day's closing price. The expected net proceeds from this subscription will be around HKD 11.49 billion, which the company plans to use for domestic and international project development, debt repayment to optimize capital structure, and to supplement working capital and general corporate purposes [1]. Group 1 - The controlling shareholder, Hongqiao Holdings, will conduct a share placement to independent subscribers [1] - The subscription price is set at HKD 29.20 per share, reflecting a discount of about 9.60% from the last closing price [1] - The expected net proceeds from the subscription are approximately HKD 11.49 billion [1] Group 2 - The funds raised will be allocated for domestic and international project development [1] - The company plans to use part of the proceeds for debt repayment to optimize its capital structure [1] - Additional uses of the funds include supplementing working capital and general corporate purposes [1]
中国宏桥拟配售净筹约114.9亿港元