Gu Ming (01364.HK): Proposed issuance of HK$1.96 billion zero-coupon convertible bonds with guarantee and simultaneous share buyback.

Zhtng Cijng APP News, Gumming (01364.HK) announced that on June 23, 2026 (after trading hours), the company (as guarantor) and the issuer entered into a subscription agreement with the underwriter Goldman Sachs (Asia) LLC. Accordingly, the issuer conditionally agreed to issue bonds to the underwriter or as instructed by them, and the underwriter conditionally agreed to subscribe and pay, or arrange for subscription and payment, the principal amount of bonds totaling 1.96 billion Hong Kong dollars (equivalent to 250 million US dollars). The company has agreed unconditionally and irrevocably to guarantee the issuer's payment obligations under the bonds and trust deeds, subject to certain conditions as stipulated in the subscription agreement. The issue price of the bonds will be 101% of the total principal amount, with each bond having a face value of 2 million Hong Kong dollars, and any excess amount being in multiples of 1 million Hong Kong dollars.