Vobile Group (03738.HK) proposes to issue HK$530 million 3.75% convertible bonds due 2027

Zhitong Finance APP News: Vobile Group (03738.HK) announced that on October 21, 2026 (before the trading session), the Company (as issuer) entered into a subscription agreement with the placing agents. Pursuant to the terms and conditions set out in the subscription agreement, the placing agents have agreed to subscribe for and pay for, or procure subscribers to subscribe for and pay for, the bonds to be issued by the Company in an aggregate principal amount of HK$530 million. Under the circumstances set out in the terms and conditions, the bonds may be converted into shares at an initial conversion price of HK$3.020 per share (subject to adjustment).