Summary by Moomoo AI
Zhaojin Mining Group Co., Ltd. announced that it will issue $200 million convertible bonds with an annual interest rate of 1.0% on June 25, 2024, with a maturity date of 2029. The bonds will be unconditionally and irrevocably guaranteed by Zhaojin Mining and will be traded on the Hong Kong Stock Exchange for professional investors. The bonds will pay interest every six months and can be converted into the company's H shares at an initial conversion price of HKD 19.84 per share. In addition, the company has also conducted a rights issue of 251.9 million H shares, priced at HKD 15.50 per share. In order to hedge market risks, management will conduct Delta distribution, which may facilitate the sale of existing H shares. The issuer and guarantor...Show More