Lates News

On the evening of July 8th, Henderson Land Development announced on the Hong Kong Stock Exchange that on July 8, 2025 (after trading hours), the issuer Happy Ever Holdings Limited (an indirect wholly-owned subsidiary of the company), the company itself (as guarantor of the issuer), and the agent signed a subscription agreement. The agreement relates to the agent or subscribers prompted by the agent to subscribe to the issuer's bonds with a total principal amount of HK$8 billion, due in 2030, subject to the conditions set out in the subscription agreement. The net proceeds from the issuance of the bonds will be approximately HK$7.92 billion. The company intends to use the net proceeds for general corporate purposes and/or refinancing. Based on the initial conversion price of HK$36 and assuming all bonds are converted at the initial conversion price, the bonds will convert into a maximum of approximately 222,222,222 shares at a conversion price of HK$36 per share.