Zhi Tong Cai Jing·2026-01-20 00:15Core Viewpoint - Luoyang Molybdenum (603993.SH) plans to issue $1.2 billion of guaranteed convertible bonds through its indirect subsidiary CMOC Capital Limited, with an initial conversion price of HKD 28.03 per share for H-shares [1] Group 1 - The company will provide guarantees for the convertible bonds issued by CMOC Capital [1] - If fully converted at the initial conversion price, the bonds will convert into approximately 334 million H-shares, representing about 8.48% of the existing issued H-shares and approximately 1.56% of the total issued shares as of the announcement date [1] - The conversion will increase the total issued H-shares by approximately 7.82% and the total issued shares by about 1.54% after full conversion [1] Group 2 - After deducting commissions and estimated expenses, the net proceeds from the bond issuance are expected to be approximately $1.188 billion [2] - The company intends to use the proceeds to support the expansion, optimization, and ongoing capital expenditures of its overseas resource projects, enhance operational flexibility, and for general corporate purposes [2]