HTSC：建议发行于2027年到期的零息可转换债券

Core Viewpoint - HTSC (06886.HK) has entered into a subscription agreement to issue HKD 10 billion zero-coupon convertible bonds maturing in 2027, with an initial conversion price set at HKD 19.70 per share, representing a premium of approximately 6.78% over the last closing price of HKD 18.45 per share [1] Group 1 - The total principal amount of the bonds to be issued is HKD 10 billion [1] - The initial conversion price of HKD 19.70 allows for the conversion of the bonds into approximately 508 million H-shares, which is about 29.53% of the existing issued H-shares and approximately 5.62% of the total issued shares [1] - The net proceeds from the bond issuance, after deducting commissions and expenses, are estimated to be around HKD 99.247 billion, translating to a net issue price of approximately HKD 19.55 per converted share [1] Group 2 - The company intends to use the proceeds from the bond issuance to support its overseas business development and to supplement other operational funds [1]