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MNSO Issues US$550M Equity Linked Securities to Raise Funds to Expand Overseas Mkt
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MNSO (09896.HK) announced this morning the issuance of equity linked securities due 2032 to raise US$550 million. The proceeds will be used mainly for overseas market expansion, supply chain development and share buyback. Calculated at an interest rate of 0.5% per annum, interest shall be payable semi-annually on 14 January and 14 July of each year, commencing from 14 July 2025. The initial exercise price for the conversion of securities was initially $64.395 per share, which was converted at a pre-determined exchange rate for USD, which represents a premium of 26.1% over the closing price of the share of $51.05 per share quoted on the Hong Kong Stock Exchange on 6 January 2025. MINISO Group Holding (MNSO.US) sank 12.7% to close at US$24.07 overnight. AAStocks Financial News |
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