WUXI APPTEC (02359.HK) -1.500 (-3.040%) Short selling $42.73M; Ratio 14.333% announced that it proposed issue of US$500 million zero coupon guaranteed convertible bonds due 2025. The initial Conversion Price was HK$80.02 per H Share, representing a premium of approximately 15.97% over the last closing price of HK$69 as quoted yesterday (7th). Assuming full conversion of the Bonds, the Bonds will be convertible into approximately 48.5222 million H Shares, representing approximately 11.14% of the enlarged total issued H share capital of the Company and and approximately 1.64% of the enlarged total issued share capital of the Company. The net proceeds from the Subscription of the Bonds will be approximately US$494 million. The Company intends to use such proceeds for, among others, global expansion, refinancing indebtedness and general corporate purposes.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-17 16:25.)