Zhi Tong Cai Jing·2026-01-07 02:49Core Viewpoint - Guangfa Securities (01776) experienced a decline of over 5%, with a current price of HKD 18.81 and a trading volume of HKD 427 million [1][2]. Group 1: Stock Performance - Guangfa Securities' stock fell by 5.05% to HKD 18.81, with a trading volume of HKD 427 million [1][2]. Group 2: Capital Raising Activities - The company plans to issue 219 million new shares to no fewer than six subscribers, representing 11.4% of the enlarged issued H-shares and approximately 2.8% of the enlarged total issued shares [2]. - The subscription price is set at HKD 18.15 per share, reflecting an 8.38% discount compared to the previous closing price of HKD 19.81 [2]. - The expected net proceeds from this issuance are approximately HKD 39.59 billion, primarily aimed at increasing capital for overseas subsidiaries to support international business development [2]. Group 3: Convertible Bonds Issuance - The company also announced the issuance of zero-coupon convertible bonds with a total principal amount of HKD 21.5 billion, maturing on January 12, 2027, with a conversion price of HKD 19.82 per H-share [2]. - If fully converted, the bonds will convert into approximately 10.8 million H-shares, accounting for about 1.41% of the enlarged issued shares [2]. - The net proceeds from the bonds are expected to be around HKD 21.54 billion, also intended for capital increase for overseas subsidiaries and international business expansion [2].