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MNSO (09896.HK) Plunges 5%+, Planning to Issue US$550M Equity Linked Securities
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MNSO (09896.HK) opened 7.35% lower today, hitting as low as $47.25. It last printed at $48.4, down 5.19%, on a volume of 6.2738 million shares, involving $301 million. MNSO released an announcement on the Hong Kong Stock Exchange this morning, stating that it plans to raise US$550 million by issuing equity linked securities maturing in 2032. The funds raised will primarily be used for overseas market expansion, supply chain development, and share repurchase. The securities will bear an annual interest rate of 0.5%, with interest paid semi-annually on January 14 and July 14 each year starting from July 14, 2025. AAStocks Financial News |
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