KUAISHOU-W (01024): Suggest issuing USD and RMB preference shares.

07:56 14/01/2026

Kuaishou-W (01024) issues announcement, the company suggests to only conduct international issuance of notes for professional investors.

KUAISHOU-W (01024) announced that the company suggests conducting the international issuance of bonds only to professional investors. The pricing of the US Dollar bonds will be carried out through Merrill Lynch (Asia Pacific) Limited, Morgan Stanley & Co. International plc, UBS AG Hong Kong Branch, and Fosun Financial Group Hong Kong Limited as the joint global coordinators, joint lead managers, and joint bookrunners for the proposed US Dollar bond issuance, with Barclays Bank PLC acting as the joint lead manager and joint bookrunner for the proposed US Dollar bond issuance. Once the terms of the US Dollar bonds are finalized, it is expected that the company, the joint global coordinators for the US Dollar bonds, joint lead managers, and joint bookrunners, as well as other initial purchasers (if any), will enter into US Dollar bond purchase agreements. The pricing of the Renminbi bonds will be carried out through UBS AG Hong Kong Branch, Merrill Lynch (Asia Pacific) Limited, Morgan Stanley & Co. International plc, Fosun Financial Group Hong Kong Limited, and Industrial Bank Co., Ltd Hong Kong Branch as the joint global coordinators, joint lead managers, and joint bookrunners for the proposed Renminbi bond issuance, with China Industrial and Commercial Bank of China (Asia) Limited, BANK OF CHINA (Hong Kong) Limited, CITIC Securities Co., Ltd., CICC International Financing Co., Ltd., MinMetals Securities Co., Ltd., and Barclays Bank PLC acting as joint lead managers and joint bookrunners for the proposed Renminbi bond issuance. Once the terms of the Renminbi bonds are finalized, it is expected that the company, the joint global coordinators for the Renminbi bonds, joint lead managers, and joint bookrunners, as well as other initial purchasers (if any), will enter into Renminbi bond purchase agreements. The US Dollar bond issuance and Renminbi bond issuance are not conditional on each other. The company intends to use the net proceeds from the proposed bond issuance mainly for general corporate purposes.

HK Stock Market Move | TRANSTHERA-B (02617) fell more than 3% and plans to offer a discount of nearly 18% for the rights issue, raising net proceeds of 1.9 billion Hong Kong dollars.

HK Stock Market Move | KUAISHOU-W (01024) rose nearly 5%, with steady revenue prospects for Keliang AI. Citigroup expects annual revenue from the product to exceed $250 million.

HK Stock Market Move | LAEKNA-B(02105) increased by nearly 7% and the application for clinical trials of the new drug LAE118 has been accepted by the FDA.

HK Stock Market Move | TRANSTHERA-B (02617) fell more than 3% and plans to offer a discount of nearly 18% for the rights issue, raising net proceeds of 1.9 billion Hong Kong dollars.

HK Stock Market Move | KUAISHOU-W (01024) rose nearly 5%, with steady revenue prospects for Keliang AI. Citigroup expects annual revenue from the product to exceed $250 million.

HK Stock Market Move | LAEKNA-B(02105) increased by nearly 7% and the application for clinical trials of the new drug LAE118 has been accepted by the FDA.