DTXS SILK ROAD (00620) intends to issue convertible bonds with a maximum amount of up to HK$323 million.
Datang West Market (00620) announced that on October 17, 2025, the company entered into a placement agreement with the placing agents,...
DTXS SILK ROAD (00620) announced that on October 17, 2025, the company entered into a placement agreement with the placement agent, intending to issue convertible bonds with a maximum principal amount of up to HK$323 million through the placement agent. The convertible bonds carry an annual interest rate of 3.85%, with a preliminary conversion price of HK$0.95 per share, representing a premium of approximately 5.56% over the closing price of HK$0.900 per share on October 17, 2025.
Assuming that the placement agent fully subscribes the convertible bonds, the net proceeds amount to around HK$310 million, with approximately 80% earmarked for renovation of shopping center projects and development of such properties, and 20% for group operating funds to cover daily operational expenses.
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