HK Stock Market Move | KARRIE INT'L(01050) rose more than 7% in trading, planning to issue convertible bonds with a total amount of HK$150 million to expand overseas production capacity through various channels.

KARRIE INT'L (01050) rose more than 7%, rising to 7.66% as of the time of writing, at 2.67 Hong Kong dollars, with a turnover of 9.0925 million Hong Kong dollars. In terms of news, KARRIE INT'L announced that on October 13, 2025 (after trading hours), the company entered into a subscription agreement with the subscriber (Mr. He Zhanghui), pursuant to which the subscriber conditionally agreed to subscribe for HK$150 million worth of convertible bonds issued by the company. Assuming the convertible bonds are converted at a conversion price of HK$2.30 per share (adjustable), it would result in the issuance of up to 65,217,391 shares of convertible stock, equivalent to approximately 3.23% of the company's issued share capital as of the announcement date and approximately 3.13% of the company's issued share capital after the issuance and distribution of the convertible shares. The initial conversion price of HK$2.30 per share represents a discount of approximately 7.26% compared to the market price of HK$2.48 per share on October 13, 2025 (the date of the subscription agreement) as reported on the Stock Exchange. The total amount of funds raised from the subscription is approximately HK$150 million, with a net amount of approximately HK$149.75 million. The company plans to use the net proceeds to expand overseas production capacity through various means, including but not limited to, purchasing new machinery, building a new production plant in Thailand, and conducting mergers and acquisitions in overseas markets to meet the increasing orders from the group in international markets.