Spinee wrote a post · Jan 16, 2023 11:07

HSI Climbs 79 Pts, BABA intended to exercise the exchange rights to obtain 248 million A shares

At open, $Hang Seng Index (800000.HK)$ added 79 pts or 0.4% to 21,818; $Hang Seng China Enterprises Index (800100.HK)$ gained 32 pts or 0.4% to 7,423; $Hang Seng TECH Index (800700.HK)$ lifted 22 pts or 0.5% to 4,577.

$RS MACALLINE (01528.HK)$ surged 14.8% to $3.88, whereas $BABA-W (09988.HK)$ jumped 1.3% to $114.2, as the former amended the exchange price of convertible bonds and the latter intended to exercise the exchange rights to obtain 248 million A shares.

$HSBC HOLDINGS (00005.HK)$ fared well echoing banks on external markets. It elevated 1.3% to $56.2. $CM BANK (03968.HK)$ rose 1.7% to $48.7 after expecting 2022's net profit to increase 15%.

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Lovely_Moo : What will happen to Baba's share price when the convertible bond is fully exchanged to shares? Will it rise or fall?

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Btan : Better to wait and see

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