Zhong Guo Jing Ying Bao·2026-01-20 07:39Core Viewpoint - Luoyang Molybdenum Co., Ltd. successfully issued a total of $1.2 billion in zero-coupon convertible bonds, which will primarily support the expansion and optimization of overseas resource projects and ongoing capital expenditures [1] Group 1: Bond Issuance Details - The convertible bonds have a maturity of one year and an initial conversion price set at HKD 28.03 per share, representing a premium of approximately 28.7% over the closing price of HKD 21.78 on January 19 [1] - The premium is also 26.17% higher than the average closing price over the previous five trading days [1] Group 2: Fund Utilization - After deducting issuance costs, the net proceeds from this fundraising are approximately $1.188 billion [1] - The funds will be primarily used to support the expansion and optimization of Luoyang Molybdenum's overseas resource projects, as well as for ongoing capital expenditures [1]