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China Hongqiao (01378.HK) Proposes Issuance of Convertible Bonds and Concurrent Share Repurchase
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China Hongqiao (01378.HK) announced that it proposes to issue RMB-denominated convertible bonds to be settled in USD. At the same time, it proposes a concurrent equity offering and a concurrent share repurchase. As of now, the principal amount, terms and conditions of the issuance have not yet been determined. The net proceeds are intended to be used for the procurement and stockpiling of production raw material bauxite, refinancing of existing debt, investment in overseas projects, future share repurchases, and general corporate purposes. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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