Core Insights - The company, Gamers (9890.HK), announced the issuance of zero-coupon convertible bonds totaling HKD 468 million (approximately USD 60 million) to strategically invest in AI-related industries, supporting its "AI + Gaming" strategy [1] Group 1: Convertible Bond Details - The conversion price for the bonds is set at HKD 23.50 per share, representing a premium of approximately 38.24% over the last closing price of HKD 17.00 and a 41.67% premium over the average closing price of HKD 16.59 over the previous five trading days [2] - The issuance marks the highest premium rate for a one-year convertible bond by a Hong Kong-listed company since such products appeared in the capital market [2] - If fully converted, the bonds will result in the issuance of 19,914,804 new shares, accounting for approximately 3.79% of the current total share capital and about 3.65% of the expanded share capital post-issuance [2] Group 2: Strategic Partnerships and Investor Confidence - The bonds were fully subscribed by LMR Partners, a well-known international investment management fund with over USD 11 billion in assets under management [3] - The collaboration with LMR Partners introduces a stable, high-quality international fund, aiding in optimizing the company's capital structure and enhancing its recognition in global capital markets [3] Group 3: AI Investment and Technological Advancements - The company has established a comprehensive AI technology system covering publishing, operations, and research and development, including proprietary systems like "He Tu" for data analysis and "Luo Shu" for media management [4] - The company has invested in AI-related industries through its wholly-owned subsidiary, Yuanda Future, and has successfully invested in Hangzhou Jiyi Artificial Intelligence Technology, which specializes in large models for the gaming industry [4] - The financing through convertible bonds is a proactive measure to optimize the capital structure while ensuring financial stability, allowing for significant investments in AI technology despite the long-term nature of returns [4] Group 4: Future Outlook - The company aims to become a leading enterprise driven by AI technology, committed to creating enjoyable experiences for users and providing excellent services to game development partners [5] - The issuance of convertible bonds is a significant step towards achieving the strategic goal of high-quality development in the "AI + Gaming" era [5]
贪玩(9890.HK)发行4.68亿港元零息可转债，全面加速“AI+游戏”战略布局