HK Stock Market Move | WESTCHINACEMENT (02233) falls more than 11%, planning to issue $300 million 10.5% senior notes

11:29 02/02/2026

Western Cement (02233) fell more than 11%, down 11.2% as of press time, to 3.33 Hong Kong dollars, with a turnover of 208 million Hong Kong dollars.

WESTCHINACEMENT (02233) fell more than 11%, dropping 11.2% to 3.33 Hong Kong dollars as of the time of writing, with a trading volume of 208 million Hong Kong dollars. In terms of news, WESTCHINACEMENT announced that it will issue $300 million in 10.5% senior notes due in 2029. The net proceeds will be used to repurchase, redeem, or repay existing debt (including tender offers or redemptions of 2026 notes) and for working capital (including current liabilities). The company will seek to list the notes on the Hong Kong Stock Exchange. Standard & Poor's and Fitch International Credit Ratings have temporarily rated the notes as "B".

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CIFI HOLD GP (00884) Mandatory Convertible Bonds Converted Over $815 Million, Initial Regular Mandatory Conversion Not Triggered.

BG BLUE SKY (06828) received a notice of appeal in a litigation case.

SHOUCHENG (00697) invests in Huaxia Zhongke Clean Energy REIT and increases its stake in infrastructure assets.