由于认购事项的完成，根据可换股债券的条款及条件，尚未行使的可换股债券的兑换价已由每股港币 0.1014元调整至每股港币0.1003元，自2025年11月17日起生效，按经调整后的兑换价计算，本公司于悉 数转换可换股债券后可发行的最高股份数目已由11.83亿股增至11.96亿股。 弘毅文化集团(00419)发布公告，由于认购协议所载的所有先决条件已达成，完成已于2025年11月17日 根据认购协议的条款及条件进行。本公司已根据一般授权，按认购价每股认购股份0.039港元，向认购 人配发及发行合共6.38亿股认购股份，相当于(i)紧接完成前本公司已发行股本总额约4.70%;及(ii)经配发 及发行认购股份扩大后本公司已发行股本总额约4.49%。 ...

Core Viewpoint - 京西国际 plans to issue approximately 431 million shares at a subscription price of HKD 0.704 per share, representing a 34.21% discount from the last trading price of HKD 1.07, raising approximately HKD 303.3 million [1] Group 1: Fundraising Details - The company will also issue convertible bonds worth approximately HKD 409 million, with total expected proceeds of about HKD 713 million and a net amount of HKD 710 million [1] - The initial conversion price for the convertible bonds is set at HKD 0.704 per share, allowing for the conversion of approximately 582 million shares, which would represent about 31.03% of the total issued shares post-issuance [1] Group 2: Use of Proceeds - The company intends to allocate 40% of the net proceeds for the construction of a new production line and upgrading existing lines at its Poland facility [1] - 30% of the funds will be used for operational expenses at the Poland facility, while 25% will support operational expenses at technology centers in Poland, Italy, and France [1] - The remaining 5% will be designated for operational expenses at the company's headquarters in Hong Kong [1] Group 3: Shareholding Structure - Following the completion of the subscription and the full conversion of the convertible bonds, 京西重工(香港) will hold 72.07% of the shares, while Liu Xihe, Xu Anpan, and Yao Lianfang will each hold 3.45% [1]

Core Viewpoint - The company has entered into a subscription agreement to issue convertible bonds worth HKD 238 million to settle debts, which will significantly impact its capital structure and interest costs [1][2] Group 1: Convertible Bonds Issuance - The company will issue convertible bonds totaling HKD 238 million, which will be used to settle debts owed to the subscriber [1] - The initial conversion price for the bonds is set at HKD 0.377 per share, potentially resulting in the issuance of up to 631 million new shares, representing approximately 110.49% of the existing issued share capital [1] - Following the issuance of the convertible shares, the company's total issued share capital will increase by approximately 52.49% [1] Group 2: Debt Management and Financial Impact - The board believes that issuing shares to settle debts will extend the company's obligations to the subscriber by two years and significantly reduce interest costs, as the current outstanding balance incurs an annual interest rate of 10.0% [2] - If the convertible bonds are converted into shares, the company's debt and capital leverage ratio will improve without requiring significant cash outflows [2] - The subscriber will regain control as the major shareholder, which is expected to facilitate financing transactions, as investors typically prefer to have major or controlling stakes for stability and support in long-term strategies [2]

Core Viewpoint - 嘉利国际's stock price increased by over 7%, reaching 2.67 HKD, following the announcement of a subscription agreement for convertible bonds worth 150 million HKD [1] Group 1: Subscription Agreement Details - 嘉利国际 entered into a subscription agreement with subscriber He Zhuohui for the issuance of convertible bonds amounting to 150 million HKD, conditional upon certain terms [1] - The convertible bonds, if fully converted at an initial conversion price of 2.30 HKD per share, would result in the issuance of up to 65,217,391 shares, representing approximately 3.23% of the company's existing share capital [1] - The initial conversion price reflects a discount of about 7.26% compared to the closing price of 2.48 HKD on the date of the agreement [1] Group 2: Use of Proceeds - The total gross proceeds from the subscription are approximately 150 million HKD, with net proceeds estimated at 149.75 million HKD [1] - The company plans to utilize the net proceeds for various purposes to expand overseas production capacity, including purchasing new machinery, constructing a new production facility in Thailand, and pursuing mergers and acquisitions in overseas markets to meet increasing orders [1]

Market Overview - The Hang Seng Index closed down 146 points at 27,140, despite a weekly gain of 1,012 points or 3.88% [3][4] - The National Index fell 66 points or 0.68%, closing at 9,658, with a weekly increase of 355 points or 3.82% [3] - The Technology Index decreased by 60 points or 0.9%, ending at 6,622, but recorded a weekly rise of 427 points or 6.9% [3][4] Economic Indicators - During the first four days of the Golden Week, over 877,000 mainland visitors traveled to Hong Kong, representing a year-on-year increase of over 7% [7] - The retail sales value for August reached HKD 30.3 billion, up 3.8% year-on-year, marking the largest increase in 20 months [7] - The influx of tourists and a stable local property market are contributing to the gradual stabilization of the retail sector [7] Company News - Semiconductor company SMIC (00981) and Alibaba (09988) showed resilience, with SMIC rising 1.4% to HKD 90.9 and Alibaba increasing 1.1% to HKD 185.1 [3] - Macau Legend Development (01680) announced a rights issue at a ratio of 2 existing shares for 1 new share, raising approximately HKD 93 million [12] - Moser Baer International (00130) issued convertible bonds worth HKD 25 million to offset outstanding loans, with a conversion price set at HKD 0.3 [13]

Group 1 - The company, Mois International, has entered into a conditional subscription agreement with New First Investments Limited to issue HKD 25 million of 3-year non-listed convertible bonds, with an initial conversion price of HKD 0.3 per share, potentially resulting in the issuance of up to 83.33 million shares, representing approximately 22.45% of the enlarged issued share capital upon full conversion [1] - The company operates in the retail high-end and mid-high-end women's fashion market and has faced challenging operating conditions, leading to ongoing operational losses [1] - To address the severe conditions in the commercial lending market, the company aims to secure financial resources from its controlling shareholder to maintain competitiveness amid economic uncertainty [1] Group 2 - The board believes converting the company's outstanding debts into convertible bonds is in the company's best interest, as it will strengthen the financial position and reduce the debt level [2] - The total proceeds from the issuance of convertible bonds, amounting to HKD 14.9 million, will be used to offset outstanding amounts, with a net amount of approximately HKD 14.5 million allocated for general working capital and debt repayment [2] - The company has applied to the Stock Exchange to resume trading of its shares starting from 9:00 AM on October 6, 2025 [3]

Core Viewpoint - Ganfeng Lithium's stock has dropped over 3% following the announcement of a share placement and convertible bond issuance, indicating market reaction to the capital raising efforts [1] Group 1: Share Placement - Ganfeng Lithium announced a placement of 40.0256 million shares, representing approximately 9.02% of the enlarged H-shares and about 1.95% of the total issued shares [1] - The placement price is set at HKD 29.28 per share, which is a discount of approximately 5.49% compared to the closing price of HKD 30.98 on August 25 [1] - The expected net proceeds from the share placement are approximately HKD 1.169 billion [1] Group 2: Convertible Bonds - The company also proposed to issue HKD 1.37 billion of 1.5% convertible bonds maturing in 2026, with an initial conversion price of HKD 33.67 per share, representing a premium of about 8.68% over the closing price on August 25 [1] - The convertible bonds can be fully converted into approximately 4.0689 million H-shares, accounting for about 9.16% of the enlarged H-shares and approximately 1.98% of the total issued shares (excluding treasury shares) [1] - The expected net proceeds from the issuance of convertible bonds are approximately HKD 1.346 billion [1] Group 3: Use of Proceeds - The net proceeds from both the share placement and the convertible bond issuance are intended for loan repayment, capacity expansion and construction, working capital supplementation, and general corporate purposes [1]

中兴通讯（000063）(00763)发布公告，认购协议所有先决条件均已达成，而本金总额人民币35.84亿元 的债券已于2025年8月5日完成发行。 预期债券于香港联交所上市及买卖许可将于2025年8月6日生效。公司已获得可转换股份在香港联合交易 所的上市及买卖许可。 扣除应付费用、佣金及开支后，债券认购的所得款项净额将约为4.94亿美元(折合人民币约35.43亿元)， 公司拟将该等债券所得款项用于加强公司算力产品研发投入。 ...

百仕达控股发布公告，于2025年7月25日，根据公司于2027年到期的2亿港元可换股债券，公司以每股 1.70港元的认购价向债券持有人Asia Pacific Promotion Limited 配发及发行合共1.176亿股股份。 香港联交所最新资料显示，8月4日，百仕达控股(01168)股东将股票存入摩根士丹利香港证券，存仓市 值11.09亿港元，占比26.96%。 ...

Core Viewpoint - Lianian International (09918) expects to achieve a net profit attributable to equity holders of no less than HKD 12 million for the six months ending June 30, 2025, compared to a net profit of approximately HKD 15.7 million for the same period in 2024 [1] Financial Performance - The anticipated net profit is primarily due to a one-time gain of approximately HKD 23.2 million from the fair value changes of financial assets measured at fair value through profit or loss for the six months ending June 30, 2025 [1] - This one-time gain is attributed to the full receipt of the principal and accrued interest from the convertible bonds issued by Talentone Technology Limited [1]