This time it chose to issue HK$1.34 billion $173 million worth of convertible bonds that will allow it to raise additional funds at a premium to the future share price û if the stock continues to perform. In February the company raised HK$442 million $57 million from a top-up share placement.
Each of the fund raisings accounted for 20% of the companyÆs existing share capital û which is usually the maximum for a Hong Kong-listed company in any given fiscal year. However, the company...
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