格隆汇8月26日丨赣锋锂业(01772.HK)发布公告，公司和配售代理于2025年8月25日订立了配售协议，根 据配售协议所列条款并在配售协议所列条件的规限下，公司同意按配售价发行及配发配售股份(即 4002.56万股H股)。配售股份相当于现有已发行H股的约9.92%，及于本公告日期已发行股份总数的约 1.98%。 同日，公司(作为发行人)及经办人订立了认购协议。受限于认购协议所载的条款及条件，经办人同意认 购及支付或促使认购人认购及支付公司将予发行本金总额为13.70亿港元的债券(即于2026年到期的13.70 亿港元1.50%可换股债券)。债券的配售与发行彼此独立且互不附带条件。债券初始转换价为每股H股 33.67港元(可予调整)，较8月25日所报每股H股最后收市价30.98港元溢价约8.68%。 假设按初始转换价每股H股33.67港元悉数转换债券，债券将可转换为约4068.904万股H股，相当于本公 告日期的现有已发行H股数目约10.08%及现有已发行股份数目(不包括库存股份)约2.02%，以及经悉数 转换债券后因发行转换股份而扩大的已发行H股数目约9.16%及已发行股份数目(不包括库存股份)约 1.9 ...

智通财经APP讯，赣锋锂业(01772)发布公告，本公司和配售代理于2025年8月25日订立了配售协议，根 据配售协议所列条款并在配售协议所列条件的规限下，本公司同意按配售价发行及配发4002.56万股H股 配售股份，而配售代理已同意按单独(而非共同或共同及单独)基准，作为本公司的代理，以按尽力基准 促使承配人按配售价认购配售股份。配售股份将根据一般性授权配发及发行。 配售股份占扩大后已发行H股数目的约9.02%以及经配发及发行配售股份后经扩大已发行股份总数的约 1.95%。每股配售股份的配售价29.28港元较2025年8月25日于联交所所报的收市价每股H股30.98港元折 让约5.49%。 假设所有配售股份获悉数配售，配售所得款项总额预计约为11.72亿港元，配售所得款项净额(扣除佣金 及估计费用后)预计约为11.69亿港元。本公司拟将配售所得款项用于偿还贷款、产能扩张及建设、补充 营运资金及一般企业用途。 本公司(作为发行人)及经办人于2025年8月25日订立了认购协议。受限于认购协议所载的条款及条件， 经办人同意认购及支付或促使认购人认购及支付本公司将予发行本金总额为13.7亿港元的债券。 待完成债券发 ...

Core Viewpoint - The company, Bestar Holdings (01168.HK), anticipates a significant increase in losses for the six months ending June 30, 2025, projecting a loss of no more than HKD 535 million compared to a loss of approximately HKD 150.5 million in the same period last year, primarily due to fair value losses on convertible bonds [1] Financial Performance - The projected loss for the upcoming reporting period is attributed mainly to a fair value loss of approximately HKD 497.9 million related to convertible bonds [1] - The company will recognize an additional non-cash accounting adjustment loss of about HKD 476.5 million in its annual results for the year ending December 31, 2025, due to the conversion of convertible bonds [1] Corporate Actions - On July 24, 2025, all holders of the convertible bonds exercised their conversion rights, resulting in the issuance of 117,647,058 shares on July 25, 2025 [1]

Core Viewpoint - Jilin Permanent Magnet (06680) is experiencing a significant stock price increase, with a rise of over 7% in the afternoon trading session, attributed to positive earnings forecasts and strategic financial maneuvers [1] Financial Performance - The company anticipates a revenue of approximately 3.5 billion yuan for the first half of 2025, representing a year-on-year growth of 4% to 5% [1] - The expected net profit attributable to shareholders is projected to be between 300 million to 335 million yuan, indicating a substantial year-on-year increase of 151% to 180% [1] Market Demand - Western Securities highlights the resilience of traditional downstream demand, alongside emerging needs from sectors such as robotics, suggesting promising growth prospects for the company [1] - The recent export controls on medium and heavy rare earth materials by China are expected to strengthen supply rigidity, potentially leading to a revaluation of the strategic metal's value [1] Financial Strategy - The company has completed the issuance of $117.5 million in convertible bonds, with a net amount of $115 million allocated for various purposes: 9% for debt repayment, 66% for repurchasing H-shares, 22% for general working capital, and 3% for operational expenses [1] - As of July 31, 2025, the company has not yet implemented any share buybacks [1]

Group 1 - The core viewpoint of the article highlights that Jinli Permanent Magnet (金力永磁) is experiencing a significant stock price increase, with a rise of over 7% and a current price of 19.99 HKD, alongside a trading volume of 383 million HKD [1] - The company plans to hold a board meeting on August 19 to approve its mid-term performance, with a projected revenue of approximately 3.5 billion CNY for the first half of 2025, reflecting a year-on-year growth of 4% to 5% [1] - The expected net profit attributable to shareholders is estimated to be between 300 million to 335 million CNY, indicating a substantial year-on-year increase of 151% to 180% [1] Group 2 - Western Securities (西部证券) notes that traditional downstream demand remains resilient, while emerging demands such as robotics are also on the rise, suggesting promising future growth for the company [1] - The recent export controls on medium and heavy rare earth materials by China, which cover upstream oxides to downstream magnetic materials, are expected to strengthen supply rigidity and potentially lead to a revaluation of the strategic metal's value [1] - Jinli Permanent Magnet has completed the issuance of 117.5 million USD in convertible bonds, with a net amount of 115 million USD allocated for various purposes, including 9% for debt repayment, 66% for repurchasing H-shares, 22% for general working capital, and 3% for operational expenses [1]

Core Viewpoint - 正乾金融控股 has entered into a settlement agreement with creditors to issue convertible bonds totaling HKD 178,615,220 to settle outstanding debts [1] Group 1: Financial Details - The initial conversion price for the convertible bonds is set at HKD 0.073 per share [1] - If all convertible bonds are converted into shares, the voting rights of the creditor group will increase from approximately 0.01% to about 71.36% [1] Group 2: Market Activity - The company has applied for the resumption of trading of its shares on the Hong Kong Stock Exchange starting from 9:00 AM on August 5, 2025 [1]

Group 1 - The core point of the article is that shareholders of Bestar Holdings (01168) deposited shares into Morgan Stanley Hong Kong Securities, with a market value of HKD 1.109 billion, representing 26.96% of the total [1] - Bestar Holdings announced that on July 25, 2025, it will issue a total of 117.6 million shares to bondholders at a subscription price of HKD 1.70 per share, based on the company's HKD 200 million convertible bonds maturing in 2027 [1]

Core Viewpoint - 正乾金融控股 has entered into a settlement agreement with creditors to capitalize outstanding debts and issue convertible bonds totaling HKD 178,615,220, with an initial conversion price of HKD 0.073 per share, allowing for the resumption of trading on the Hong Kong Stock Exchange from August 5, 2025 [1] Group 1: Debt Settlement and Convertible Bonds - The company has outstanding debts of HKD 178,615,220 as of June 30, 2025, which will be settled through the issuance of convertible bonds to creditors [1] - The creditors involved include Rosy Benefit, Forever Brilliance, 日晟, Lumina Investment, and several individuals [1] - Upon full conversion of the convertible bonds at the initial conversion price, the creditors' voting rights will increase significantly, with the group’s stake rising from approximately 0.01% to about 71.36% of the enlarged share capital [1] Group 2: Regulatory Compliance and Waivers - Rosy Benefit and Forever Brilliance must seek a clean waiver under the takeover code rules due to the increase in their shareholding, which may require a mandatory cash offer for the remaining shares [2] - The clean waiver will be contingent upon independent shareholders approving the debt restructuring and settlement agreement at a special general meeting, requiring more than 50% approval for the transaction and at least 75% for the waiver [2]

Group 1 - The company, Zhengqian Financial Holdings (01152.HK), announced a debt settlement agreement with creditors on July 5, 2025, which includes the conditional capitalization of outstanding debts owed to creditors [1] - The creditors, including the first batch of settlement creditors and Forever Brilliance, have agreed to subscribe for and the company has conditionally agreed to issue convertible bonds with a total principal amount of HKD 178,615,220 [1] - The company will appoint an independent financial advisor, approved by the independent board committee, to provide advice on debt restructuring, the settlement agreement, and related transactions [1] Group 2 - The company has applied to the Stock Exchange for the resumption of trading of its shares starting from 9:00 AM on August 5, 2025 [1]

Core Viewpoint - Pengao Holdings Group (01865) proposes to increase its authorized share capital from HKD 100 million (divided into 1 billion shares) to HKD 500 million (divided into 5 billion shares) by adding an additional 4 billion unissued shares, pending shareholder approval at a special general meeting [1] Group 1: Capital Increase - The increase in authorized share capital requires approval from shareholders through an ordinary resolution at a special general meeting [1] - The proposed increase will take effect after the relevant ordinary resolution is passed at the special general meeting [1] Group 2: Convertible Bonds - On August 1, 2025, the company entered into a placement agreement with a placement agent to issue convertible bonds with a total principal amount of up to HKD 120 million to no fewer than six subscribers [1] - The convertible bonds can be converted into shares at an initial conversion price of HKD 0.218 per share, which represents a discount of approximately 14.5% compared to the closing price of HKD 0.255 per share on August 1, 2025 [1] Group 3: Fund Allocation - Assuming the placement agent fully places the convertible bonds, the net proceeds are expected to be approximately HKD 118.4 million [1] - About 84.5% of the proceeds will be used for the development costs of the first phase of the pumped storage power station project [1] - Approximately 15.5% will be allocated for the group's working capital to cover daily operating expenses, including employee costs and lease expenses, as well as to settle amounts payable to suppliers and subcontractors [1]