Yeahka Completes Redemption of $70 Million Convertible Bonds

MT NewswiresJul 16 00:29 ET

Yeahka (09923.HK) completed redemption of $70 million 6.25% convertible bonds due in 2027.

Yeahka (09923.HK) announced on July 15 that it had completed the redemption of $70 million 6.25% convertible bonds due in 2027. The company received notices of optional put exercises, and bondholders holding a total principal amount of $35 million (equivalent to 50% of the convertible bond principal amount) exercised their options and requested the company to redeem all their convertible bonds held on July 13, 2024. The redemption has been completed in full and paid using internal group resources. Through active financial planning, the group has significantly reduced interest expenses, optimized capital structure, and lowered the asset-liability ratio.

Gelonghui FinanceJul 15 07:53 ET

HK stock anomaly | Yeahka (09923) fell more than 5%, short-term pressure on in-store e-commerce business, Citigroup pointed its payment transaction volume growth facing potential downside risks.

According to the Zhītōng Cáijīng APP, Yeahka (09923) fell more than 5%, and as of press time, fell 5.49% to HK$10.32 with a turnover of HK$3.4713 million. In terms of news, Yeahka achieved a revenue of RMB 3.951 billion in 2023, a year-on-year increase of 15.6%; the company's equity holders should account for a net profit of RMB 11.627 million, a year-on-year decrease of 92.45%; gross profit was RMB 738 million, a year-on-year decrease of 28.4%. The company's in-store e-commerce service income was RMB 103 million during the period, a year-on-year decrease of 71%. Guo Hai Securities previously said that the company's in-store e-commerce business growth rate will still be under pressure in the short term.

Zhitong FinanceJun 23 23:55 ET

Hong Kong stock market anomaly | yeahka (09923) fell more than 4%, offline consumer weakness combined with competitive impact, the company's payment transaction volume growth may face potential downside risks.

Yeahka (09923) fell more than 4%. As of press time, it fell 4.41% to HKD 10.84 with a turnover of HKD 1.8284 million.

Zhitong FinanceJun 20 23:06 ET

Yeahka (09923) has repeatedly risen by nearly 7%. Everbright Securities expects that the company's business solutions for merchants and in-store e-commerce and other business revenue space will be further expanded.

Jingu Finance News | Yeahka (09923), a metaverse concept stock, sees its stock price fluctuating and rising. As of press time, it has risen 6.92% to HKD 11.44, with a turnover of HKD 17.501 million. Everbright Securities said that Yeahka has built an independent ecosystem and marketing platform through its payment business. The business is bullish about the company expanding its payment business by developing offline partnerships and generating diversified sources of income through continuous innovation in products and services. With the upgrading of the company's business and the continuous expansion of overseas markets in the future, it is expected that the revenue space of merchant solutions/in-store e-commerce and other businesses will be further opened up. The bank predicts that the

金吾財訊Jun 14 02:53 ET

Brokerage Everbright Securities maintains a "buy" rating for Yeahka (09923), with the expectation that expanding its marketing coverage will drive performance growth.

Jingu Finance News | Everbright Securities issued a research report, which has been continuously tracking Yeahka (09923) recently. Since 2014, the company has constantly expanded its overseas market and has preliminarily formed an overseas layout. It has already conducted business in Singapore, the United States, and Hong Kong, China, and is further expanding its overseas market. The bank believes that the upgrade of the company's marketing strategy and the continuous expansion of its marketing services to cover customer groups are expected to promote the company's performance to achieve leapfrog growth. The bank pointed out that the company's GMV in 23 exceeded 4.3 billion yuan, a year-on-year increase of +30.3%, mainly due to the company's operation strategy and service quality improvement. The in-store e-commerce service revenue of the company in 23 was 1.

金吾財訊Jun 14 02:46 ET